Kinaxis (TSE:KXS) Stock Price Passes Below 200 Day Moving Average of $153.37

Shares of Kinaxis Inc. (TSE:KXS) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$153.37 and traded as low as C$150.02. Kinaxis shares last traded at C$150.58, with a volume of 22,319 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. ATB Capital dropped their price target on Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. CIBC downgraded Kinaxis from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$180.00 to C$154.00 in a research note on Friday, June 21st. TD Securities lowered their target price on Kinaxis from C$200.00 to C$195.00 in a research report on Friday, August 2nd. Finally, Scotiabank reduced their price target on shares of Kinaxis from C$200.00 to C$190.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Kinaxis currently has an average rating of “Moderate Buy” and a consensus price target of C$192.11.

Kinaxis Price Performance

The firm has a market cap of C$4.27 billion, a P/E ratio of 151.20, a PEG ratio of 3.60 and a beta of 0.79. The company has a debt-to-equity ratio of 12.40, a current ratio of 1.90 and a quick ratio of 2.29. The stock’s 50-day simple moving average is C$156.91 and its two-hundred day simple moving average is C$153.30.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.42 EPS for the quarter, beating the consensus estimate of C$0.27 by C$0.15. The company had revenue of C$161.83 million for the quarter, compared to the consensus estimate of C$160.55 million. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. Equities research analysts forecast that Kinaxis Inc. will post 3.3197547 earnings per share for the current fiscal year.

Insider Transactions at Kinaxis

In related news, Senior Officer Andrew William Robert Bell sold 701 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$149.56, for a total transaction of C$104,841.70. Following the completion of the transaction, the insider now owns 831 shares in the company, valued at approximately C$124,284.53. In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 701 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of C$149.56, for a total value of C$104,841.70. Following the completion of the sale, the insider now directly owns 831 shares of the company’s stock, valued at approximately C$124,284.53. Also, Director J. Ian Giffen sold 2,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of C$145.75, for a total transaction of C$364,381.00. Over the last three months, insiders have sold 21,126 shares of company stock worth $3,145,874. 1.20% of the stock is currently owned by company insiders.

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.