Kainos Group (LON:KNOS) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Kainos Group plc (LON:KNOS) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 815.07 and traded as high as GBX 833. Kainos Group shares last traded at GBX 820, with a volume of 420,337 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Berenberg Bank restated a “buy” rating and set 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 target on Kainos Group from GBX 1,150 to GBX 1,200 and gave the company a “buy” rating in a report on Tuesday, May 19th. Stifel Nicolaus reissued a “buy” rating and set a GBX 1,282 price target on shares of Kainos Group in a report on Tuesday, April 21st. Finally, Shore Capital Group restated a “buy” rating on shares of Kainos Group in a research report on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 1,173.40.

Kainos Group Stock Performance

The business’s fifty day moving average price is GBX 815.07 and its two-hundred day moving average price is GBX 817.95. The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.59 and a current ratio of 1.17. The stock has a market capitalization of £945.42 million, a P/E ratio of 23.36, a P/E/G ratio of 2.15 and a beta of 0.83.

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

Insider Transactions at Kainos Group

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

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.