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

Kinaxis Inc. (OTCMKTS:KXSCFGet Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $128.66, but opened at $124.3320. Kinaxis shares last traded at $124.3320, with a volume of 7 shares changing hands.

Analysts Set New Price Targets

Separately, CIBC raised shares of Kinaxis from a “neutral” rating to an “outperform” rating in a research note on Sunday, December 14th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kinaxis presently has an average rating of “Buy”.

Get Our Latest Analysis on Kinaxis

Kinaxis Stock Down 3.0%

The business’s fifty day moving average is $125.50 and its 200-day moving average is $134.65.

About Kinaxis

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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.

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