Kainos Group (LON:KNOS) Shares Cross Below 50-Day Moving Average – Time to Sell?

Kainos Group plc (LON:KNOS)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 798.15 ($9.97) and traded as low as GBX 766 ($9.56). Kainos Group shares last traded at GBX 766 ($9.56), with a volume of 323,892 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on KNOS. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,415 ($17.67) price objective on shares of Kainos Group in a research note on Friday, October 4th. Shore Capital reiterated a “buy” rating on shares of Kainos Group in a research report on Tuesday, January 7th.

Kainos Group Price Performance

The firm has a market capitalization of £1.01 billion, a P/E ratio of 2,064.10, a P/E/G ratio of 2.15 and a beta of 0.79. The stock’s 50 day simple moving average is GBX 794.31 and its 200 day simple moving average is GBX 892.79. 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 (LON:KNOS) last released its quarterly earnings data on Monday, November 11th. The company reported GBX 22.50 ($0.28) earnings per share for the quarter. Kainos Group had a return on equity of 34.05% and a net margin of 12.74%. As a group, analysts expect that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal year.

Kainos Group Cuts Dividend

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