Kainos Group (LON:KNOS) Stock Crosses Below 50-Day Moving Average – Here’s Why

Kainos Group plc (LON:KNOS) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 787.91 and traded as low as GBX 699.50. Kainos Group shares last traded at GBX 702, with a volume of 2,363,206 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,150 price objective on shares of Kainos Group in a research note on Wednesday, March 4th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kainos Group currently has a consensus rating of “Buy” and an average price target of GBX 1,133.75.

Kainos Group Stock Down 0.9%

The business’s 50 day moving average is GBX 787.91 and its 200 day moving average is GBX 912.10. The company has a quick ratio of 1.59, a current ratio of 1.23 and a debt-to-equity ratio of 5.05. The company has a market cap of £825.10 million, a P/E ratio of 28.31, a P/E/G ratio of 2.15 and a beta of 0.81.

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. 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.