Kainos Group (LON:KNOS) Hits New 52-Week Low – Should You Sell?

Kainos Group plc (LON:KNOS)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 666 ($8.61) and last traded at GBX 667 ($8.62), with a volume of 81734 shares traded. The stock had previously closed at GBX 692 ($8.95).

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Shore Capital restated a “buy” rating on shares of Kainos Group in a research note on Friday, February 7th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 1,000 ($12.93) price objective on shares of Kainos Group in a research report on Friday, March 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Kainos Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,150 ($14.87).

Kainos Group Stock Performance

The company has a market cap of £843.76 million, a PE ratio of 17.50, a P/E/G ratio of 2.15 and a beta of 0.79. The stock’s 50-day simple moving average is GBX 752.58 and its 200 day simple moving average is GBX 794.59. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.59 and a current ratio of 1.81.

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.