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

Kainos Group plc (LON:KNOS) shares hit 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).

Analyst Ratings Changes

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

Kainos Group Stock Down 1.6 %

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 firm’s 50 day moving average is GBX 923.06 and its two-hundred day moving average is GBX 1,016.23. The firm has a market capitalization of £1.01 billion, a P/E ratio of 2,085.93, a PEG ratio of 2.15 and a beta of 0.79.

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.