Kainos Group (LON:KNOS) Reaches New 52-Week Low – Here’s What Happened

Kainos Group plc (LON:KNOS)’s share price reached a new 52-week low on Wednesday . The stock traded as low as GBX 800 ($10.39) and last traded at GBX 801.84 ($10.41), with a volume of 229966 shares. The stock had previously closed at GBX 812 ($10.54).

Analysts Set New Price Targets

Several equities research analysts have commented on KNOS shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,415 ($18.37) target price on shares of Kainos Group in a research note on Friday, October 4th. Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Kainos Group from GBX 1,235 ($16.03) to GBX 1,185 ($15.39) and set a “buy” rating on the stock in a report on Tuesday, September 17th.

Kainos Group Stock Performance

The stock has a fifty day simple moving average of GBX 923.06 and a 200-day simple moving average of GBX 1,016.23. The stock has a market cap of £1.01 billion, a P/E ratio of 2,085.93, a PEG ratio of 2.15 and a beta of 0.79. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.59 and a current ratio of 1.81.

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.