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

Kainos Group plc (LON:KNOS) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 838.51 ($10.64) and traded as high as GBX 841.75 ($10.68). Kainos Group shares last traded at GBX 832 ($10.56), with a volume of 328,487 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on KNOS. Deutsche Bank Aktiengesellschaft lowered their price objective on Kainos Group from GBX 1,235 ($15.67) to GBX 1,185 ($15.04) and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,415 ($17.96) price target on shares of Kainos Group in a research report on Friday, October 4th. Finally, Shore Capital reiterated a “buy” rating on shares of Kainos Group in a research note on Friday, November 8th.

Kainos Group Trading Down 0.1 %

The stock has a market capitalization of £1.05 billion, a P/E ratio of 2,133.33, a P/E/G 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. The business has a 50-day moving average price of GBX 838.51 and a two-hundred day moving average price of GBX 995.53.

Kainos Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 21st will be given a dividend of GBX 9.30 ($0.12) per share. The ex-dividend date is Thursday, November 21st. This represents a yield of 1.17%. Kainos Group’s dividend payout ratio is 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.