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

Kainos Group plc (LON:KNOS) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 798.15 ($9.97) and traded as low as GBX 766 ($9.56). Kainos Group shares last traded at GBX 766 ($9.56), with a volume of 323,892 shares changing hands.

Analysts Set New Price Targets

Several brokerages have weighed in on KNOS. Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a research report on Tuesday, January 7th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,415 ($17.67) price target on shares of Kainos Group in a research report on Friday, October 4th.

Kainos Group Stock Performance

The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The firm has a market cap of £1.01 billion, a price-to-earnings ratio of 2,064.10, a P/E/G ratio of 2.15 and a beta of 0.79. The business’s 50-day simple moving average is GBX 794.31 and its two-hundred day simple moving average is GBX 892.79.

Kainos Group (LON:KNOS) last issued its quarterly earnings results on Monday, November 11th. The company reported GBX 22.50 ($0.28) earnings per share (EPS) for the quarter. Kainos Group had a return on equity of 34.05% and a net margin of 12.74%. As a group, sell-side analysts expect that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal year.

Kainos Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were given a dividend of GBX 9.30 ($0.12) per share. This represents a yield of 1.17%. The ex-dividend date of this dividend was Thursday, November 21st. Kainos Group’s dividend payout ratio is presently 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.