Kinaxis (OTCMKTS:KXSCF) Trading 8.2% Higher – Still a Buy?

Kinaxis Inc. (OTCMKTS:KXSCF)’s share price shot up 8.2% during trading on Tuesday . The stock traded as high as $112.68 and last traded at $112.68. 1 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 11,794 shares. The stock had previously closed at $104.12.

Analyst Ratings Changes

KXSCF has been the topic of several research reports. Royal Bank Of Canada restated an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Kinaxis in a research note on Monday, July 20th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Kinaxis Stock Up 5.3%

The stock has a market capitalization of $3.19 billion and a P/E ratio of 68.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a fifty day moving average price of $109.91 and a 200 day moving average price of $104.90.

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.