Kainos Group (LON:KNOS) Stock Passes Below 200 Day Moving Average – What’s Next?

by · The Cerbat Gem

Kainos Group plc (LON:KNOS – Get Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 825.90 and traded as low as GBX 751. Kainos Group shares last traded at GBX 754.22, with a volume of 5,719,201 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KNOS. Canaccord Genuity Group boosted their price target on Kainos Group from GBX 1,150 to GBX 1,200 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Berenberg Bank reissued a “buy” rating and set a GBX 1,185 target price on shares of Kainos Group in a research report on Tuesday, May 19th. Stifel Nicolaus restated a “buy” rating and set a GBX 1,282 price target on shares of Kainos Group in a research note on Tuesday, April 21st. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Kainos Group in a report on Monday, April 20th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 1,173.40.

View Our Latest Stock Analysis on Kainos Group

Kainos Group Trading Up 2.8%

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 firm has a market cap of £956.95 million, a PE ratio of 23.65, a price-to-earnings-growth ratio of 2.15 and a beta of 0.83. The company has a 50-day simple moving average of GBX 812.64 and a 200 day simple moving average of GBX 824.40.

Kainos Group (LON:KNOS – Get Free Report) last announced 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 net margin of 9.86% and a return on equity of 41.45%. The firm had revenue of £431.10 million for the quarter. As a group, sell-side analysts forecast that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal year.

Insider Activity at Kainos Group

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

Kainos Group Company Profile

(Get Free Report)

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.

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