Kainos Group (LON:KNOS) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Kainos Group plc (LON:KNOS)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 827.30 and traded as low as GBX 815. Kainos Group shares last traded at GBX 822, with a volume of 212,992 shares changing hands.

Wall Street Analysts Forecast Growth

KNOS has been the topic of several recent research reports. Shore Capital Group reiterated a “buy” rating on shares of Kainos Group in a report on Monday, April 20th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,185 price target on shares of Kainos Group in a report on Tuesday, May 19th. Canaccord Genuity Group raised their price target on Kainos Group from GBX 1,150 to GBX 1,200 and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 1,282 price target on shares of Kainos Group in a report on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 1,173.40.

Kainos Group Stock Performance

The firm has a fifty day moving average of GBX 827.30 and a 200-day moving average of GBX 869.97. The firm has a market cap of £946.73 million, a P/E ratio of 23.42, a PEG ratio of 2.15 and a beta of 0.82. The company has a quick ratio of 1.59, a current ratio of 1.17 and a debt-to-equity ratio of 6.11.

Kainos Group (LON:KNOS) last posted its quarterly earnings results on Monday, May 18th. The company reported GBX 41.60 earnings per share (EPS) for the quarter. Kainos Group had a return on equity of 41.45% and a net margin of 9.86%.The business had revenue of £431.10 million for the quarter. Research analysts predict that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal year.

Kainos Group Company Profile

Kainos Group plc engages in the provision of digital technology services in the United Kingdom, Ireland, North America, Central Europe, and internationally. It operates through three segments: Digital Services, Workday Services, and Workday Products. The Digital Services segment develops and supports custom digital service platforms for transforming service delivery in public, commercial, and healthcare sectors. The Workday Services segment provides consulting, project management, integration, and post deployment services for Workday’s software suite, which includes cloud-based software for human capital management, and financial management, and adaptive planning.