Kainos Group (LON:KNOS) Reaches New 52-Week Low - Should You Sell?

Kainos Group plc (LON:KNOS - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 584 ($7.64) and last traded at GBX 589 ($7.71), with a volume of 82632 shares traded. The stock had previously closed at GBX 620 ($8.12).

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 1,000 ($13.09) target price on shares of Kainos Group in a research note on Friday, March 14th. Shore Capital reaffirmed a "buy" rating on shares of Kainos Group in a report on Friday, February 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 1,150 ($15.05).

Kainos Group Trading Down 0.2 %

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 capitalization of £802.71 million, a price-to-earnings ratio of 16.65, a P/E/G ratio of 2.15 and a beta of 0.79. The business's 50-day moving average price is GBX 711.77 and its two-hundred day moving average price is GBX 776.81.

Kainos Group Company Profile

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.