Kainos Group (LON:KNOS) Shares Cross Below 50-Day Moving Average – Time to Sell?

Kainos Group plc (LON:KNOS) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 800.53 ($9.80) and traded as low as GBX 746 ($9.13). Kainos Group shares last traded at GBX 772 ($9.45), with a volume of 137,525 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on KNOS. Shore Capital reiterated a “buy” rating on shares of Kainos Group in a research report on Tuesday, January 7th. Berenberg Bank reissued a “buy” rating and set a GBX 1,415 ($17.32) price objective on shares of Kainos Group in a report on Friday, October 4th.

Kainos Group Stock Down 0.9 %

The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59. The company has a market cap of £962.84 million, a PE ratio of 1,961.88, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The company has a fifty day moving average price of GBX 800.53 and a 200 day moving average price of GBX 905.93.

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 issued a dividend of GBX 9.30 ($0.11) per share. This represents a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, November 21st. 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.