Kinaxis (OTCMKTS:KXSCF) Shares Gap Down – Time to Sell?

Kinaxis Inc. (OTCMKTS:KXSCF – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $128.09, but opened at $122.58. Kinaxis shares last traded at $122.58, with a volume of 4 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KXSCF. Royal Bank Of Canada reissued an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Kinaxis in a research note on Tuesday, August 4th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Kinaxis in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

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Kinaxis Trading Down 1.6%

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 company has a market cap of $3.33 billion and a price-to-earnings ratio of 49.43. The firm has a 50 day moving average price of $114.65 and a two-hundred day moving average price of $106.91.

Kinaxis Company Profile

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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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