Kainos Group (LON:KNOS) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Kainos Group plc (LON:KNOS) 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 changing hands.

Analysts Set New Price Targets

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

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 £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 business’s 50-day simple moving average is GBX 784.42 and its two-hundred day simple moving average is GBX 851.07.

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.