Kinaxis (OTCMKTS:KXSCF) Shares Gap Down – Here’s What Happened

Kinaxis Inc. (OTCMKTS:KXSCF) shares gapped down prior to trading on Tuesday . The stock had previously closed at $120.1870, but opened at $103.51. Kinaxis shares last traded at $121.74, with a volume of 637 shares trading hands.

Analyst Ratings Changes

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

Kinaxis Stock Performance

The company’s 50 day simple moving average is $112.07 and its 200 day simple moving average is $104.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market cap of $3.30 billion and a PE ratio of 70.42.

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.