Kainos Group (LON:KNOS) Share Price Crosses Below 50-Day Moving Average of $1,030.64

Kainos Group plc (LON:KNOS)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 1,030.64 ($12.73) and traded as low as GBX 929.36 ($11.48). Kainos Group shares last traded at GBX 940 ($11.61), with a volume of 131,968 shares traded.

Analyst Upgrades and Downgrades

KNOS has been the topic of several research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,000 ($12.35) price objective on shares of Kainos Group in a research note on Monday, April 15th. Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a research note on Monday, April 15th. Finally, Berenberg Bank reduced their price objective on Kainos Group from GBX 1,315 ($16.24) to GBX 1,260 ($15.56) and set a “buy” rating on the stock in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kainos Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,280 ($15.81).

Kainos Group Trading Up 0.6 %

The firm has a market capitalization of £1.19 billion, a PE ratio of 2,848.48, a P/E/G ratio of 2.15 and a beta of 0.73. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.59 and a current ratio of 1.55. The firm has a fifty day moving average of GBX 1,030.64 and a 200 day moving average of GBX 1,053.54.

Kainos Group Company Profile

Kainos Group plc provides 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 public sector, commercial, and healthcare customers.