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

Kinaxis Inc. (OTCMKTS:KXSCF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $102.4801, but opened at $108.5399. Kinaxis shares last traded at $108.5399, with a volume of 4 shares changing hands.

Analyst Ratings Changes

Several brokerages have commented on KXSCF. Scotiabank restated an “outperform” rating on shares of Kinaxis in a research report on Wednesday, February 4th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Kinaxis Stock Up 3.1%

The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.01 billion and a PE ratio of 63.98. The firm has a 50-day moving average of $103.04 and a two-hundred day moving average of $109.29.

About Kinaxis

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.