Kainos Group (LON:KNOS) Shares Down 12.6% - Here's What Happened

Kainos Group plc (LON:KNOS - Get Free Report) was down 12.6% during mid-day trading on Friday . The company traded as low as GBX 726 ($9.42) and last traded at GBX 747 ($9.69). Approximately 1,766,981 shares were traded during mid-day trading, an increase of 304% from the average daily volume of 437,578 shares. The stock had previously closed at GBX 855 ($11.09).

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Shore Capital restated a "buy" rating on shares of Kainos Group in a research report on Monday, September 16th. Berenberg Bank reiterated a "buy" rating and set a GBX 1,415 ($18.35) price target on shares of Kainos Group in a research note on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Kainos Group from GBX 1,235 ($16.02) to GBX 1,185 ($15.37) and set a "buy" rating for the company in a research note on Tuesday, September 17th.

Kainos Group Stock Up 0.1 %

The firm's fifty day simple moving average is GBX 888.12 and its 200 day simple moving average is GBX 1,008.34. The company has a market cap of £941.28 million, a price-to-earnings ratio of 1,917.95, a PEG ratio of 2.15 and a beta of 0.79. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76.

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.