Kinaxis (OTCMKTS:KXSCF) Reaches New 12-Month High – What’s Next?

Shares of Kinaxis Inc. (OTCMKTS:KXSCF) hit a new 52-week high on Wednesday. The stock traded as high as $131.37 and last traded at $131.37, with a volume of 319 shares changing hands. The stock had previously closed at $130.77.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KXSCF. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kinaxis in a research note on Monday, July 20th. BMO Capital Markets reissued an “outperform” rating on shares of Kinaxis in a research note on Tuesday, August 4th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Kinaxis has an average rating of “Buy”.

Kinaxis Stock Performance

The company has a market capitalization of $3.68 billion and a PE ratio of 54.79. The company has a fifty day simple moving average of $125.78 and a 200-day simple moving average of $114.49. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.10.

Kinaxis Company Profile

Kinaxis Inc is a Canadian supply chain management software company that provides cloud-based solutions for planning, monitoring and orchestrating complex supply chain operations. Its platform is designed to help organizations improve visibility, coordinate activities across suppliers and production networks, and respond more quickly to changes in demand, supply and other operating conditions.

The company’s primary offering, Kinaxis Maestro, formerly known as RapidResponse, supports concurrent planning across areas such as demand and supply planning, inventory management, production, sales and operations planning, and supply chain control-tower operations.