Kinaxis (TSE:KXS) Shares Down 0.6%

Kinaxis Inc (TSE:KXS) shares traded down 0.6% on Friday . The stock traded as low as C$79.80 and last traded at C$80.77, 21,640 shares traded hands during trading. A decline of 77% from the average session volume of 93,108 shares. The stock had previously closed at C$81.25.

Several equities analysts have recently weighed in on the stock. Canaccord Genuity cut shares of Magellan Aerospace from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$21.00 to C$20.00 in a research note on Monday, May 13th. Royal Bank of Canada increased their price objective on NVIDIA to $200.00 and gave the company an “outperform” rating in a report on Monday, May 13th.

The company has a market capitalization of $2.07 billion and a P/E ratio of 128.00. The company has a debt-to-equity ratio of 5.99, a quick ratio of 2.65 and a current ratio of 2.73. The company’s fifty day moving average is C$81.22.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Friday, May 10th. The company reported C$0.35 EPS for the quarter, beating the consensus estimate of C$0.16 by C$0.19. The company had revenue of C$60.83 million during the quarter, compared to analyst estimates of C$59.47 million. As a group, equities analysts expect that Kinaxis Inc will post 1.3700001 earnings per share for the current fiscal year.

In other Kinaxis news, Senior Officer Richard George Monkman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$75.44, for a total transaction of C$377,183.00. Following the completion of the sale, the insider now owns 102,027 shares of the company’s stock, valued at approximately C$7,696,569.99. Also, Director John Ernest Sicard sold 1,900 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of C$80.00, for a total value of C$152,000.00. Following the sale, the director now directly owns 48,989 shares of the company’s stock, valued at approximately C$3,919,120. In the last three months, insiders sold 11,100 shares of company stock valued at $880,723.

About Kinaxis (TSE:KXS)

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The company offers RapidResponse, which provide supply chain planning and analytics capabilities for managing various supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.

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