Kainos Group (LON:KNOS) Shares Down 12.4% – Time to Sell?

Kainos Group plc (LON:KNOS)’s stock price was down 12.4% on Monday. The stock traded as low as GBX 1,058 and last traded at GBX 1,077. 909,223 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 2,543,336 shares. The stock had previously closed at GBX 1,230.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Deutsche Bank reissued a “hold” rating and issued a GBX 1,260 price objective on shares of Kainos Group in a report on Tuesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,330 target price on shares of Kainos Group in a report on Tuesday. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,500 price target on shares of Kainos Group in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,343.

Kainos Group Price Performance

The firm has a 50 day moving average price of GBX 1,240.36 and a 200 day moving average price of GBX 939.59. The company has a quick ratio of 1.59, a current ratio of 1.09 and a debt-to-equity ratio of 6.37. The stock has a market cap of £1.26 billion, a P/E ratio of 31.05, a P/E/G ratio of 2.15 and a beta of 0.87.

Kainos Group (LON:KNOS) last posted its quarterly earnings data on Monday, November 9th. The company reported GBX 27.70 earnings per share for the quarter. The firm had revenue of £268.80 million for the quarter. Kainos Group had a return on equity of 49.93% and a net margin of 9.74%. On average, analysts forecast that Kainos Group plc will post 48.10 EPS for the current fiscal year.

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. 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.