Kainos Group (LON:KNOS) Sets New 1-Year Low – What’s Next?

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

Analyst Ratings Changes

KNOS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of 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. Berenberg Bank reissued a “buy” rating and issued a GBX 1,415 ($18.37) price target on shares of Kainos Group in a report on Friday, October 4th. Finally, Shore Capital reissued a “buy” rating on shares of Kainos Group in a report on Monday, September 16th.

Kainos Group Price Performance

The business’s 50 day moving average is GBX 913.26 and its two-hundred day moving average is GBX 1,013.62. The firm has a market capitalization of £1.04 billion, a PE ratio of 2,112.82, a P/E/G ratio of 2.15 and a beta of 0.79. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59.

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.