Kainos Group (LON:KNOS) Shares Down 12.6% – Here’s What Happened

Kainos Group plc (LON:KNOS) shares fell 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). 1,766,981 shares traded hands during mid-day trading, an increase of 304% from the average session volume of 437,578 shares. The stock had previously closed at GBX 855 ($11.09).

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on Kainos Group from GBX 1,235 ($16.02) to GBX 1,185 ($15.37) and set a “buy” rating on the stock in a report on Tuesday, September 17th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 1,415 ($18.35) price objective on shares of Kainos Group in a report on Friday, October 4th.

Kainos Group Trading Down 0.5 %

The stock has a market cap of £934.99 million, a price-to-earnings ratio of 1,905.13, a P/E/G ratio of 2.15 and a beta of 0.79. The business’s fifty day simple moving average is GBX 881.56 and its 200 day simple moving average is GBX 1,006.54. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59.

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.