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

Kinaxis Inc. (OTCMKTS:KXSCF) shares gapped up prior to trading on Thursday. The stock had previously closed at $151.67, but opened at $159.31. Kinaxis shares last traded at $160.11, with a volume of 189 shares changing hands.

Analyst Upgrades and Downgrades

KXSCF has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Kinaxis in a research report on Monday, July 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Kinaxis in a report on Tuesday, August 4th. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat, Kinaxis has an average rating of “Buy”.

Kinaxis Trading Down 1.3%

The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $131.49 and its 200 day simple moving average is $113.25. The stock has a market capitalization of $4.30 billion and a P/E ratio of 49.67.

Kinaxis Company Profile

Kinaxis Inc. is a Canadian software company that develops cloud-based supply chain planning and management solutions. Its platform, Kinaxis Maestro, helps organizations coordinate planning across their supply chains and respond to changes in demand, supply and operations. Maestro supports activities such as demand and supply planning, inventory management, scenario analysis and sales and operations planning. The company also provides implementation, training and support services to help customers use its software.