Kainos Group (LON:KNOS) Shares Cross Below 50 Day Moving Average – Should You Sell?

Shares of Kainos Group plc (LON:KNOS) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 800.53 ($9.74) and traded as low as GBX 746 ($9.08). Kainos Group shares last traded at GBX 772 ($9.39), with a volume of 137,525 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Berenberg Bank restated a “buy” rating and issued a GBX 1,415 ($17.22) price target on shares of Kainos Group in a research note on Friday, October 4th. Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a research report on Tuesday, January 7th.

Kainos Group Stock Performance

The company has a market capitalization of £994.14 million, a price-to-earnings ratio of 2,025.64, a PEG ratio of 2.15 and a beta of 0.79. The stock has a 50-day moving average price of GBX 800.59 and a 200-day moving average price of GBX 902.10. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59.

Kainos Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 21st were given a GBX 9.30 ($0.11) dividend. The ex-dividend date was Thursday, November 21st. This represents a dividend yield of 1.17%. Kainos Group’s payout ratio is 6,923.08%.

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.