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Kainos Group (LON:KNOS) Shares Pass Below Fifty Day Moving Average - Here's Why

Kainos Group logo with Computer and Technology background

Kainos Group plc (LON:KNOS - Get Free Report) 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,415 ($17.67) target price on shares of Kainos Group in a research note on Friday, October 4th. Shore Capital reiterated a "buy" rating on shares of Kainos Group in a research report on Tuesday, January 7th.

View Our Latest Stock Analysis on KNOS

Kainos Group Stock Performance

The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.59 and a current ratio of 1.81. The business's 50-day moving average price is GBX 798.15 and its 200-day moving average price is GBX 896.81. The stock has a market cap of £1.01 billion, a P/E ratio of 2,064.10, a P/E/G ratio of 2.15 and a beta of 0.79.

Kainos Group (LON:KNOS - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The company reported GBX 22.50 ($0.28) 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 firm also recently declared a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 21st were paid a dividend of GBX 9.30 ($0.12) per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a dividend yield of 1.17%. Kainos Group's payout ratio is 6,923.08%.

About Kainos Group

(Get Free Report)

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.

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