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

Kinaxis Inc. (OTCMKTS:KXSCF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $128.3810, but opened at $122.49. Kinaxis shares last traded at $122.49, with a volume of 100 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Kinaxis in a 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. Finally, Royal Bank Of Canada 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 a consensus rating of “Buy”.

Kinaxis Price Performance

The firm’s 50-day moving average is $116.66 and its two-hundred day moving average is $107.90. 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 company has a market cap of $3.33 billion and a P/E ratio of 49.39.

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.