Kainos Group (LON:KNOS) Shares Down 11.8%

Kainos Group plc (LON:KNOS)’s share price traded down 11.8% during mid-day trading on Monday . The company traded as low as GBX 953 ($12.57) and last traded at GBX 975 ($12.86). 758,660 shares traded hands during mid-day trading, an increase of 122% from the average session volume of 341,062 shares. The stock had previously closed at GBX 1,106 ($14.59).

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of Kainos Group in a research note on Monday, May 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kainos Group from GBX 1,050 ($13.85) to GBX 1,235 ($16.29) and gave the stock a “hold” rating in a research note on Monday, May 20th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 1,000 ($13.19) price target on shares of Kainos Group in a research note on Tuesday, May 7th.

Kainos Group Stock Down 11.8 %

The firm has a market cap of £1.23 billion, a PE ratio of 2,835.90, a P/E/G ratio of 2.15 and a beta of 0.80. 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 firm’s 50-day moving average price is GBX 1,071.89 and its two-hundred day moving average price is GBX 1,063.60.

Kainos Group Company Profile

Kainos Group plc provides 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 public sector, commercial, and healthcare customers.