Kinaxis (OTCMKTS:KXSCF) Shares Gap Down – Here’s What Happened

Kinaxis Inc. (OTCMKTS:KXSCF) gapped down prior to trading on Tuesday . The stock had previously closed at $118.93, but opened at $109.62. Kinaxis shares last traded at $109.61, with a volume of 143 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Kinaxis in a research 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 reissued an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kinaxis currently has an average rating of “Buy”.

Kinaxis Trading Down 4.1%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.72 and a current ratio of 1.72. The business has a fifty day simple moving average of $107.86 and a 200 day simple moving average of $108.66. The company has a market cap of $2.83 billion and a P/E ratio of 60.39.

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.