Kinaxis (OTCMKTS:KXSCF) Stock Price Up 8.2% – Here’s What Happened

Kinaxis Inc. (OTCMKTS:KXSCF) shares shot up 8.2% during trading on Tuesday . The company traded as high as $112.68 and last traded at $112.68. 1 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 11,794 shares. The stock had previously closed at $104.12.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BMO Capital Markets restated an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kinaxis in a research report on Monday, July 20th. Finally, Royal Bank Of Canada restated 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, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Kinaxis Stock Up 2.1%

The stock has a market cap of $3.29 billion and a price-to-earnings ratio of 70.09. The business has a fifty day moving average of $110.50 and a 200 day moving average of $104.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.72.

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.