Kinaxis (OTCMKTS:KXSCF) Reaches New 1-Year High – Should You Buy?

Kinaxis Inc. (OTCMKTS:KXSCF)’s stock price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $138.6120 and last traded at $138.6120, with a volume of 101 shares trading hands. The stock had previously closed at $130.45.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KXSCF. BMO Capital Markets reiterated an “outperform” rating on shares of Kinaxis in a research report on Tuesday, August 4th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kinaxis in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating. According to MarketBeat.com, Kinaxis currently has a consensus rating of “Buy”.

Kinaxis Stock Performance

The firm has a market capitalization of $3.75 billion and a P/E ratio of 55.89. The stock has a fifty day simple moving average of $126.09 and a two-hundred day simple moving average of $114.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.88 and a quick ratio of 1.88.

Kinaxis Company Profile

Kinaxis Inc is a Canadian technology company that provides supply chain orchestration and planning software. Its solutions help organizations coordinate demand, supply, inventory, production, transportation and other supply chain activities across complex global operations.

The company’s primary platform, Kinaxis Maestro, is designed to support concurrent planning, supply and demand balancing, sales and operations planning, inventory management, control-tower visibility and scenario analysis.