Kainos Group (LON:KNOS) Share Price Breaks Below Fifty Day Moving Average – Should You Sell?

Shares of Kainos Group plc (LON:KNOS) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 1,247.14 and traded as low as GBX 1,201. Kainos Group shares last traded at GBX 1,232, with a volume of 1,980,762 shares trading hands.

Analyst Ratings Changes

KNOS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Kainos Group from GBX 920 to GBX 1,260 and gave the stock a “hold” rating in a research report on Tuesday, August 18th. Canaccord Genuity Group lifted their price target on shares of Kainos Group from GBX 1,200 to GBX 1,315 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Berenberg Bank lifted their target price on Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,231.17.

Kainos Group Stock Performance

The firm has a 50-day moving average price of GBX 1,247.14 and a two-hundred day moving average price of GBX 938.21. The company has a quick ratio of 1.59, a current ratio of 1.17 and a debt-to-equity ratio of 6.11. The firm has a market cap of £1.42 billion, a PE ratio of 35.10, a P/E/G ratio of 2.15 and a beta of 0.87.

Kainos Group Company Profile

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.