Kinaxis (OTCMKTS:KXSCF) Shares Gap Up – Here’s Why

Kinaxis Inc. (OTCMKTS:KXSCF) shares gapped up prior to trading on Thursday . The stock had previously closed at $115.51, but opened at $121.9540. Kinaxis shares last traded at $121.9540, with a volume of 21 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on KXSCF shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Kinaxis in a report on Friday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Kinaxis Trading Up 0.0%

The stock has a market cap of $3.30 billion and a P/E ratio of 70.16. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $105.33 and a two-hundred day moving average price of $109.17.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services. The company also provides strategic services, such as digital business transformation, advanced analytics, and digital innovation and acceleration services; implementation, including agile implementation methodology, RapidStart, sustainment, and rollout services; and continuous learning services consisting of Kinaxis learning center, custom learning programs, and certification, as well as support services.