Kainos Group (LON:KNOS) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

by · The Markets Daily

Kainos Group plc (LON:KNOS – Get Free Report)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 698.86 ($9.26) and traded as low as GBX 685 ($9.08). Kainos Group shares last traded at GBX 702 ($9.30), with a volume of 478,839 shares.

Analyst Ratings Changes

A number of analysts have commented on KNOS shares. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 1,000 ($13.25) price target on shares of Kainos Group in a research note on Friday, March 14th. Shore Capital reissued a “buy” rating on shares of Kainos Group in a research report on Friday, February 7th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 1,025 ($13.58) target price on shares of Kainos Group in a report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,052.50 ($13.95).

Check Out Our Latest Stock Analysis on KNOS

Kainos Group Stock Performance

The stock has a market cap of £910.07 million, a P/E ratio of 18.88, a PEG ratio of 2.15 and a beta of 0.79. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76. The company’s 50-day simple moving average is GBX 698.86 and its 200 day simple moving average is GBX 767.28.

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.

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