Kainos Group (LON:KNOS) Sets New 12-Month 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 Thursday . The company traded as low as GBX 750 ($9.73) and last traded at GBX 753.99 ($9.78), with a volume of 2453263 shares traded. The stock had previously closed at GBX 855 ($11.09).

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KNOS. Deutsche Bank Aktiengesellschaft cut their target price on shares of Kainos Group from GBX 1,235 ($16.02) to GBX 1,185 ($15.37) and set a "buy" rating on the stock in a research note on Tuesday, September 17th. Shore Capital reiterated a "buy" rating on shares of Kainos Group in a research report on Monday, September 16th. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 1,415 ($18.35) price target on shares of Kainos Group in a research report on Friday, October 4th.

Kainos Group Stock Down 12.3 %

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 stock has a 50 day moving average price of GBX 895.22 and a 200 day moving average price of GBX 1,010.18. The company has a market cap of £943.80 million, a P/E ratio of 1,923.08, a P/E/G 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.