Kainos Group (LON:KNOS) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Kainos Group plc (LON:KNOS)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 713.84 ($9.65) and traded as high as GBX 740 ($10.00). Kainos Group shares last traded at GBX 732.45 ($9.90), with a volume of 281,263 shares.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a research note on Monday, May 19th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,025 ($13.86) target price on shares of Kainos Group in a research report on Monday, May 19th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,025 ($13.86) target price on shares of Kainos Group in a research report on Monday, April 14th.

Kainos Group Price Performance

The company’s 50-day moving average is GBX 713.84 and its 200-day moving average is GBX 753.49. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59. The firm has a market capitalization of £930.91 million, a price-to-earnings ratio of 19.31, a PEG ratio of 2.15 and a beta of 0.79.

Kainos Group (LON:KNOS) last released its earnings results on Monday, May 19th. The company reported GBX 38.60 ($0.52) earnings per share (EPS) for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. On average, research analysts expect that Kainos Group plc will post 48.0997625 earnings per share 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.