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

Kainos Group plc (LON:KNOS) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 784.42 ($9.90) and traded as low as GBX 747 ($9.43). Kainos Group shares last traded at GBX 762 ($9.62), with a volume of 150,341 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of Kainos Group in a report on Friday, February 7th.

Kainos Group Stock Performance

The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76. The company has a market cap of £959.96 million, a price-to-earnings ratio of 19.91, a P/E/G ratio of 2.15 and a beta of 0.79. The stock’s fifty day simple moving average is GBX 784.42 and its 200 day simple moving average is GBX 851.07.

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.