Kinaxis (OTCMKTS:KXSCF) Sets New 12-Month High – Here’s What Happened

Shares of Kinaxis Inc. (OTCMKTS:KXSCF) hit a new 52-week high on Friday. The stock traded as high as $162.09 and last traded at $162.09, with a volume of 5 shares trading hands. The stock had previously closed at $161.0101.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kinaxis in a research note on Monday, July 20th. BMO Capital Markets restated an “outperform” rating on shares of Kinaxis in a report on Tuesday, August 4th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat, Kinaxis presently has an average rating of “Buy”.

Kinaxis Trading Up 0.1%

The stock has a market capitalization of $4.35 billion and a P/E ratio of 50.23. The firm’s 50 day moving average price is $132.20 and its 200 day moving average price is $113.51. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.88 and a quick ratio of 1.88.

About Kinaxis

Kinaxis Inc. is a Canadian software company that develops cloud-based supply chain planning and management solutions. Its platform, Kinaxis Maestro, helps organizations coordinate planning across their supply chains and respond to changes in demand, supply and operations. Maestro supports activities such as demand and supply planning, inventory management, scenario analysis and sales and operations planning. The company also provides implementation, training and support services to help customers use its software.