Kainos Group (LON:KNOS) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Kainos Group plc (LON:KNOS)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 789.70 ($9.94) and traded as high as GBX 801 ($10.08). Kainos Group shares last traded at GBX 794 ($9.99), with a volume of 203,480 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a research report on Friday, February 7th.

Kainos Group Stock Performance

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 company has a market capitalization of £1.00 billion, a P/E ratio of 20.81, a P/E/G ratio of 2.15 and a beta of 0.79. The business has a 50-day moving average of GBX 789.70 and a 200-day moving average of GBX 862.80.

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.