Kainos Group (LON:KNOS) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Kainos Group plc (LON:KNOS)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,021.96 and traded as low as GBX 995.50. Kainos Group shares last traded at GBX 1,012, with a volume of 670,166 shares traded.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Berenberg Bank lifted their price objective on Kainos Group from GBX 1,025 to GBX 1,185 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Shore Capital reaffirmed a “buy” rating and set a GBX 1,100 price target on shares of Kainos Group in a research note on Tuesday, November 11th. Canaccord Genuity Group raised shares of Kainos Group to a “buy” rating and lifted their price objective for the stock from GBX 1,000 to GBX 1,500 in a research note on Tuesday, November 11th. Finally, Peel Hunt restated an “add” rating and issued a GBX 1,100 target price on shares of Kainos Group in a report on Monday, November 10th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,221.25.

Kainos Group Stock Down 1.2%

The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.59 and a current ratio of 1.81. The company’s fifty day moving average price is GBX 1,023.43 and its 200-day moving average price is GBX 894.56. The stock has a market cap of £1.19 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79.

Kainos Group (LON:KNOS) last issued its quarterly earnings results on Monday, November 10th. The company reported GBX 19.30 EPS for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. Equities analysts forecast that Kainos Group plc will post 48.0997625 EPS for the current year.

About Kainos Group

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.