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

Shares of Kinaxis Inc. (OTCMKTS:KXSCF – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $101.14, but opened at $105.77. Kinaxis shares last traded at $105.77, with a volume of 100 shares.

Analyst Ratings Changes

Several research firms recently weighed in on KXSCF. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Kinaxis in a report on Friday, June 5th. Royal Bank Of Canada restated an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Finally, BMO Capital Markets restated 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, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

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Read Our Latest Stock Analysis on KXSCF

Kinaxis Price Performance

The company’s 50-day moving average price is $108.11 and its 200-day moving average price is $108.06. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.11. The firm has a market cap of $2.88 billion and a price-to-earnings ratio of 61.49.

About Kinaxis

(Get Free Report)

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.

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