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

Kinaxis Inc. (OTCMKTS:KXSCF)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $151.67, but opened at $159.31. Kinaxis shares last traded at $160.11, with a volume of 189 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Kinaxis in a report on Monday, July 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Kinaxis in a research report on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Kinaxis presently has an average rating of “Buy”.

Kinaxis Trading Down 1.3%

The company’s 50-day moving average is $131.49 and its 200 day moving average is $113.25. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.30 billion and a PE ratio of 49.67.

Kinaxis Company Profile

Kinaxis Inc. is a Canadian software company that develops cloud-based supply chain planning and management solutions. Its platform, Kinaxis Maestro, helps organizations coordinate planning across their supply chains and respond to changes in demand, supply and operations. Maestro supports activities such as demand and supply planning, inventory management, scenario analysis and sales and operations planning. The company also provides implementation, training and support services to help customers use its software.