Kinaxis (OTCMKTS:KXSCF) Shares Gap Down – Should You Sell?

Kinaxis Inc. (OTCMKTS:KXSCF) shares gapped down before the market opened on Wednesday . The stock had previously closed at $112.3670, but opened at $108.61. Kinaxis shares last traded at $108.61, with a volume of 2 shares.

Analysts Set New Price Targets

KXSCF has been the topic of a number of research reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kinaxis in a report on Friday, June 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Kinaxis Stock Up 1.2%

The company has a market capitalization of $3.04 billion and a price-to-earnings ratio of 64.76. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.11. The firm’s 50 day simple moving average is $109.49 and its 200-day simple moving average is $106.09.

Kinaxis Company Profile

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.