Kainos Group (LON:KNOS) Sets New 1-Year Low – What’s Next?

Kainos Group plc (LON:KNOS) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 584 ($7.46) and last traded at GBX 589 ($7.53), with a volume of 82632 shares changing hands. The stock had previously closed at GBX 620 ($7.92).

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a report on Friday, February 7th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 1,000 ($12.78) target price on shares of Kainos Group in a report on Friday, March 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,150 ($14.69).

Kainos Group Trading Down 3.6 %

The stock has a market cap of £766.71 million, a PE ratio of 15.91, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The company has a 50 day moving average of GBX 727.11 and a two-hundred day moving average of GBX 782.96. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.59 and a current ratio of 1.81.

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.