Kainos Group (LON:KNOS) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Kainos Group plc (LON:KNOS) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 889.56 and traded as high as GBX 1,238. Kainos Group shares last traded at GBX 1,216, with a volume of 884,138 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KNOS. Berenberg Bank increased their target price on shares of Kainos Group from GBX 1,185 to GBX 1,330 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kainos Group from GBX 920 to GBX 1,260 and gave the stock a “hold” rating in a research note on Tuesday, August 18th. Finally, Canaccord Genuity Group raised their price objective on shares of Kainos Group from GBX 1,200 to GBX 1,315 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Kainos Group currently has an average rating of “Moderate Buy” and an average price target of GBX 1,231.17.

Kainos Group Stock Up 0.8%

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 company has a market capitalization of £1.44 billion, a price-to-earnings ratio of 35.48, a P/E/G ratio of 2.15 and a beta of 0.83. The stock’s fifty day simple moving average is GBX 898.46 and its two-hundred day simple moving average is GBX 828.47.

Insider Activity

In other Kainos Group news, insider Richard McCann sold 760,911 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total transaction of £5,927,496.69. 19.72% of the stock is 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.