Kainos Group (LON:KNOS) Stock Price Passes Above 50 Day Moving Average of $1,173.82

Shares of Kainos Group plc (LON:KNOSGet Rating) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 1,173.82 ($14.38) and traded as high as GBX 1,469.38 ($18.00). Kainos Group shares last traded at GBX 1,414 ($17.33), with a volume of 179,067 shares traded.

Wall Street Analyst Weigh In

KNOS has been the subject of several research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a research report on Thursday, July 21st. Canaccord Genuity Group dropped their price target on shares of Kainos Group from GBX 1,880 ($23.04) to GBX 1,400 ($17.15) and set a “hold” rating for the company in a research report on Tuesday, April 19th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 1,200 ($14.70) price objective on shares of Kainos Group in a research report on Wednesday, May 25th.

Kainos Group Stock Down 3.2 %

The firm’s 50-day moving average price is GBX 1,173.82 and its 200-day moving average price is GBX 1,281.98. The company has a market cap of £1.75 billion and a price-to-earnings ratio of 5,050.00. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.65 and a quick ratio of 1.61.

Kainos Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be paid a GBX 15.10 ($0.19) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This is an increase from Kainos Group’s previous dividend of $7.10. This represents a dividend yield of 1.46%. Kainos Group’s dividend payout ratio is 79.29%.

Kainos Group Company Profile

(Get Rating)

Kainos Group plc provides digital technology services in the United Kingdom. It operates through two divisions, Digital Services and Workday Practice. The Digital Services division includes lifecycle development of customized digital services for public, commercial sectors, and healthcare organizations.

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