Kainos Group (LON:KNOS) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Kainos Group plc (LON:KNOS) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty 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.

Wall Street Analyst Weigh In

KNOS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered 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 report on Tuesday, September 17th. Shore Capital reissued 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 Trading Down 2.6 %

The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59. The stock’s 50 day moving average is GBX 806.45 and its 200-day moving average is GBX 923.18. The company has a market capitalization of £971.48 million, a P/E 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 announced a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were paid a dividend of GBX 9.30 ($0.12) per share. This represents a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, November 21st. 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.