Kainos Group (LON:KNOS) Share Price Passes Above 50-Day Moving Average – Here’s Why

Kainos Group plc (LON:KNOS) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 815.07 and traded as high as GBX 833. Kainos Group shares last traded at GBX 820, with a volume of 420,337 shares.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Shore Capital Group reissued a “buy” rating on shares of Kainos Group in a research report on Monday, April 20th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,185 price objective on shares of Kainos Group in a research note on Tuesday, May 19th. Canaccord Genuity Group increased their target price on shares of Kainos Group from GBX 1,150 to GBX 1,200 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, Stifel Nicolaus restated 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, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 1,173.40.

Kainos Group Trading Up 1.3%

The stock has a market capitalization of £937.69 million, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 2.15 and a beta of 0.83. The company has a current ratio of 1.17, a quick ratio of 1.59 and a debt-to-equity ratio of 6.11. The company has a 50-day moving average price of GBX 815.38 and a 200 day moving average price of GBX 816.61.

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

Insider Activity

In other news, insider Richard McCann sold 760,911 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total transaction of £5,927,496.69. Insiders own 19.74% of the company’s stock.

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.