Kainos Group (LON:KNOS) Shares Cross Below 50 Day Moving Average – What’s Next?

Kainos Group plc (LON:KNOS)’s share price crossed 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 Upgrades and Downgrades

A number of research analysts have recently issued reports on KNOS shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Kainos Group from GBX 1,235 ($15.34) to GBX 1,185 ($14.72) and set a “buy” rating on the stock in a research note on Tuesday, September 17th. Berenberg Bank reissued a “buy” rating and set a GBX 1,415 ($17.58) target price on shares of Kainos Group in a research note on Friday, October 4th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a research note on Wednesday, December 11th.

Kainos Group Stock Performance

The stock has a market capitalization of £971.48 million, a P/E ratio of 1,979.49, a PEG ratio of 2.15 and a beta of 0.79. 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 company has a 50-day moving average price of GBX 806.45 and a two-hundred day moving average price of GBX 923.18.

Kainos Group Cuts Dividend

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

Kainos Group Company Profile

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.