Kainos Group (LON:KNOS) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Kainos Group plc (LON:KNOS) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 798.15 ($9.86) and traded as low as GBX 766 ($9.46). Kainos Group shares last traded at GBX 766 ($9.46), with a volume of 323,892 shares.

Analyst Ratings Changes

A number of equities analysts have recently commented on KNOS shares. Berenberg Bank reissued a “buy” rating and set a GBX 1,415 ($17.48) price objective on shares of Kainos Group in a research report on Friday, October 4th. Shore Capital reiterated a “buy” rating on shares of Kainos Group in a report on Tuesday, January 7th.

Kainos Group Trading Up 1.7 %

The company has a 50 day simple moving average of GBX 798.15 and a 200 day simple moving average of GBX 896.81. The stock has a market capitalization of £980.29 million, a PE ratio of 1,997.44, 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.

Kainos Group (LON:KNOS) last announced its quarterly earnings data on Monday, November 11th. The company reported GBX 22.50 ($0.28) EPS for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 34.05%. Analysts predict that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal year.

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 issued a GBX 9.30 ($0.11) dividend. This represents a yield of 1.17%. The ex-dividend date was Thursday, November 21st. Kainos Group’s dividend payout ratio (DPR) is currently 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.