Kainos Group (LON:KNOS) Stock Passes Below 50-Day Moving Average – What’s Next?

Kainos Group plc (LON:KNOS) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 806.45 ($10.02) and traded as low as GBX 770 ($9.57). Kainos Group shares last traded at GBX 772 ($9.59), with a volume of 122,541 shares traded.

Analyst Ratings Changes

A number of research firms have weighed in on KNOS. Deutsche Bank Aktiengesellschaft reduced their price objective on Kainos Group from GBX 1,235 ($15.34) to GBX 1,185 ($14.72) and set a “buy” rating for the company in a research note on Tuesday, September 17th. Shore Capital reiterated a “buy” rating on shares of Kainos Group in a research report on Wednesday, December 11th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,415 ($17.58) price objective on shares of Kainos Group in a research report on Friday, October 4th.

Kainos Group Stock Performance

The business’s 50-day simple moving average is GBX 806.45 and its two-hundred day simple moving average is GBX 924.45. The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The firm has a market cap of £971.48 million, a price-to-earnings ratio of 1,979.49, a P/E/G ratio of 2.15 and a beta of 0.79.

Kainos Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 21st were issued a GBX 9.30 ($0.12) dividend. The ex-dividend date was Thursday, November 21st. This represents a yield of 1.17%. Kainos Group’s payout ratio is 6,923.08%.

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.