Kinaxis (TSE:KXS) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Kinaxis Inc. (TSE:KXS) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$186.71 and traded as low as C$178.07. Kinaxis shares last traded at C$178.31, with a volume of 63,562 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Scotiabank increased their price target on shares of Kinaxis from C$225.00 to C$240.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Royal Bank Of Canada increased their price target on shares of Kinaxis from C$225.00 to C$235.00 in a research report on Friday, August 8th. Stifel Nicolaus increased their price target on shares of Kinaxis from C$225.00 to C$245.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, TD Securities increased their price target on shares of Kinaxis from C$190.00 to C$225.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$221.43.

Kinaxis Stock Down 1.2%

The business has a fifty day moving average of C$186.71 and a 200 day moving average of C$190.98. The stock has a market cap of C$5.04 billion, a price-to-earnings ratio of 207.34, a P/E/G ratio of 3.60 and a beta of 0.77. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29.

Insider Buying and Selling

In related news, insider Andrew William Robert Bell sold 275 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of C$193.18, for a total value of C$53,124.50. Following the transaction, the insider owned 1,919 shares in the company, valued at approximately C$370,712.42. This represents a 12.53% decrease in their ownership of the stock. Also, Director Angel Luis Mendez sold 6,100 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of C$190.00, for a total value of C$1,159,000.00. Following the completion of the transaction, the director owned 1,400 shares in the company, valued at C$266,000. This represents a 81.33% decrease in their position. Over the last quarter, insiders have sold 8,656 shares of company stock worth $1,665,206. Insiders own 1.20% of the company’s stock.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation.