Kinaxis (OTCMKTS:KXSCF) Reaches New 1-Year High – Here’s What Happened

Kinaxis Inc. (OTCMKTS:KXSCF)’s stock price reached a new 52-week high during trading on Thursday. The stock traded as high as $145.00 and last traded at $145.00, with a volume of 100 shares. The stock had previously closed at $137.70.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kinaxis in a research report on Monday, July 20th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Kinaxis in a research report on Tuesday, August 4th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Kinaxis presently has an average rating of “Buy”.

Kinaxis Stock Up 0.9%

The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.86 billion and a PE ratio of 57.42. The business’s 50-day simple moving average is $129.17 and its 200-day simple moving average is $112.26.

Kinaxis Company Profile

Kinaxis Inc is a Canadian technology company that provides supply chain orchestration and planning software. Its solutions help organizations coordinate demand, supply, inventory, production, transportation and other supply chain activities across complex global operations.

The company’s primary platform, Kinaxis Maestro, is designed to support concurrent planning, supply and demand balancing, sales and operations planning, inventory management, control-tower visibility and scenario analysis.