Kainos Group (LON:KNOS) Stock Crosses Below 200 Day Moving Average – Here’s Why

Kainos Group plc (LON:KNOS)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 864.63 ($10.88) and traded as low as GBX 775 ($9.75). Kainos Group shares last traded at GBX 794 ($9.99), with a volume of 203,480 shares traded.

Analyst Ratings Changes

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

Kainos Group Price Performance

The business’s fifty day simple moving average is GBX 789.70 and its 200-day simple moving average is GBX 862.80. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76. The firm has a market cap of £1.00 billion, a P/E ratio of 20.81, a PEG ratio of 2.15 and a beta of 0.79.

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.