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

Shares of Kinaxis Inc. (OTCMKTS:KXSCF) 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 traded.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kinaxis in a research report on Friday, June 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Kinaxis Trading Up 0.3%

The firm has a 50-day simple moving average of $108.24 and a 200-day simple moving average of $107.75. 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 stock has a market cap of $2.87 billion and a PE ratio of 61.26.

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.