Kainos Group (LON:KNOS) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Kainos Group plc (LON:KNOS)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 777.75 and traded as high as GBX 846. Kainos Group shares last traded at GBX 813.84, with a volume of 1,087,232 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KNOS shares. Shore Capital Group reaffirmed a “buy” rating on shares of Kainos Group in a research note on Monday, April 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 1,282 target price on shares of Kainos Group in a report on Tuesday, April 21st. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,150 price target on shares of Kainos Group in a research note on Wednesday, March 4th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,185 price objective on shares of Kainos Group in a research note on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 1,163.40.

Kainos Group Stock Down 0.0%

The company has a debt-to-equity ratio of 5.05, a quick ratio of 1.59 and a current ratio of 1.23. The business has a 50 day simple moving average of GBX 777.75 and a 200-day simple moving average of GBX 891.12. The firm has a market capitalization of £950.74 million, a price-to-earnings ratio of 32.77, a P/E/G ratio of 2.15 and a beta of 0.74.

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.