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

Kinaxis Inc. (OTCMKTS:KXSCF) shares gapped up prior to trading on Tuesday . The stock had previously closed at $97.00, but opened at $103.65. Kinaxis shares last traded at $101.7837, with a volume of 110 shares changing hands.

Analysts Set New Price Targets

Separately, Scotiabank reissued an “outperform” rating on shares of Kinaxis in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Kinaxis Stock Up 0.0%

The stock’s 50-day moving average price is $96.50 and its 200 day moving average price is $114.27.

About Kinaxis

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.