Kinaxis (OTCMKTS:KXSCF) Shares Gap Up – Still a Buy?

Kinaxis Inc. (OTCMKTS:KXSCF) gapped up prior to trading on Friday . The stock had previously closed at $102.4801, but opened at $108.5399. Kinaxis shares last traded at $108.5399, with a volume of 4 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on KXSCF. BMO Capital Markets restated an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Scotiabank restated an “outperform” rating on shares of Kinaxis in a report on Wednesday, February 4th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kinaxis currently has an average rating of “Buy”.

Kinaxis Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a 50-day moving average price of $103.04 and a 200-day moving average price of $109.29. The firm has a market capitalization of $3.01 billion and a PE ratio of 63.98.

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.