Kinaxis (OTCMKTS:KXSCF) Shares Gap Up – What’s Next?

Shares of Kinaxis Inc. (OTCMKTS:KXSCF) gapped up prior to trading on Monday . The stock had previously closed at $100.99, but opened at $107.5840. Kinaxis shares last traded at $107.5840, with a volume of 123 shares.

Analyst Upgrades and Downgrades

Several research analysts have commented on KXSCF shares. BMO Capital Markets reissued an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kinaxis in a research note on Monday, July 20th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kinaxis presently has a consensus rating of “Buy”.

Kinaxis Price Performance

The firm’s 50-day moving average is $109.69 and its two-hundred day moving average is $104.97. The company has a market cap of $2.93 billion and a P/E ratio of 62.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.72.

Kinaxis Company Profile

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.