Kinaxis (TSE:KXS) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Kinaxis Inc. (TSE:KXS) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$194.71 and traded as low as C$179.32. Kinaxis shares last traded at C$180.55, with a volume of 54,949 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on KXS shares. Scotiabank increased their price target on shares of Kinaxis from C$225.00 to C$240.00 and gave the company 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. Finally, Stifel Nicolaus increased their price target on shares of Kinaxis from C$225.00 to C$245.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$216.43.

Kinaxis Stock Performance

The firm has a market capitalization of C$5.10 billion, a PE ratio of 209.94, a P/E/G ratio of 3.60 and a beta of 0.93. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. The company’s fifty day simple moving average is C$194.71 and its 200 day simple moving average is C$187.77.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, insider Andrew William Robert Bell sold 275 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of C$193.18, for a total transaction of C$53,124.50. Following the sale, the insider directly owned 1,919 shares of the company’s stock, valued at 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 company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of C$190.00, for a total transaction of C$1,159,000.00. Following the sale, the director directly owned 1,400 shares in the company, valued at approximately C$266,000. This trade represents a 81.33% decrease in their ownership of the stock. Insiders have sold a total of 8,656 shares of company stock valued at $1,665,206 over the last three months. 1.20% of the stock is currently owned by insiders.

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.