Kainos Group (LON:KNOS) Shares Down 12.6% – Here’s What Happened

Kainos Group plc (LON:KNOS) dropped 12.6% during trading on Friday . The company traded as low as GBX 726 ($9.42) and last traded at GBX 747 ($9.69). Approximately 1,766,981 shares traded hands during trading, an increase of 304% from the average daily volume of 437,578 shares. The stock had previously closed at GBX 855 ($11.09).

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Shore Capital reissued a “buy” rating on shares of Kainos Group in a report on Monday, September 16th. Berenberg Bank restated a “buy” rating and set a GBX 1,415 ($18.35) price objective on shares of Kainos Group in a report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Kainos Group from GBX 1,235 ($16.02) to GBX 1,185 ($15.37) and set a “buy” rating for the company in a research note on Tuesday, September 17th.

Kainos Group Stock Down 0.7 %

The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The business has a 50 day moving average price of GBX 895.22 and a 200 day moving average price of GBX 1,010.18. The stock has a market cap of £933.73 million, a PE ratio of 1,923.08, a P/E/G ratio of 2.15 and a beta of 0.79.

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.