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

Kinaxis Inc. (OTCMKTS:KXSCF)’s share price gapped down before the market opened 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 changing hands.

Analyst Ratings Changes

Several research firms have commented on KXSCF. Royal Bank Of Canada restated an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Kinaxis in a report on Tuesday, August 4th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Kinaxis in a research report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Kinaxis Stock Up 2.3%

The stock’s 50 day moving average is $117.51 and its 200 day moving average is $108.40. The firm has a market cap of $3.48 billion and a price-to-earnings ratio of 51.57. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.11.

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.