Kainos Group (LON:KNOS) Shares Cross Below 50 Day Moving Average – Should You Sell?

Kainos Group plc (LON:KNOS)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 800.53 ($9.74) and traded as low as GBX 746 ($9.08). Kainos Group shares last traded at GBX 772 ($9.39), with a volume of 137,525 shares.

Analyst Ratings Changes

KNOS has been the subject of several research reports. Shore Capital reissued a “buy” rating on shares of Kainos Group in a report on Tuesday, January 7th. Berenberg Bank reissued a “buy” rating and set a GBX 1,415 ($17.22) price target on shares of Kainos Group in a report on Friday, October 4th.

Kainos Group Price Performance

The stock has a market capitalization of £994.14 million, a price-to-earnings ratio of 2,025.64, 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. The company has a fifty day simple moving average of GBX 800.59 and a two-hundred day simple moving average of GBX 902.10.

Kainos Group Cuts Dividend

The business also recently disclosed 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. The ex-dividend date was Thursday, November 21st. This represents a yield of 1.17%. Kainos Group’s dividend payout ratio is presently 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.