Kainos Group (LON:KNOS) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Kainos Group plc (LON:KNOS) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 831.67 and traded as low as GBX 736. Kainos Group shares last traded at GBX 772.50, with a volume of 3,503,741 shares traded.

Analysts Set New Price Targets

KNOS has been the topic of several analyst reports. Shore Capital Group reaffirmed a “buy” rating on shares of Kainos Group in a research report on Monday, April 20th. Berenberg Bank restated a “buy” rating and issued a GBX 1,185 price objective on shares of Kainos Group in a research report on Tuesday, May 19th. Canaccord Genuity Group raised their price objective on shares of 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. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 1,282 target price on shares of Kainos Group in a report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 1,173.40.

Kainos Group Trading Up 1.0%

The company has a debt-to-equity ratio of 6.11, a current ratio of 1.17 and a quick ratio of 1.59. The company has a market cap of £889.72 million, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.15 and a beta of 0.81. The company’s 50 day simple moving average is GBX 831.67 and its two-hundred day simple moving average is GBX 852.34.

Kainos Group (LON:KNOS) last announced its quarterly earnings data on Monday, May 18th. The company reported GBX 41.60 earnings per share (EPS) for the quarter. Kainos Group had a return on equity of 41.45% and a net margin of 9.86%.The firm had revenue of £431.10 million for the quarter. As a group, sell-side analysts anticipate that Kainos Group plc will post 48.0997625 EPS for the current fiscal 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. 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.