Kinaxis (OTCMKTS:KXSCF) Sets New 52-Week High – Still a Buy?

Shares of Kinaxis Inc. (OTCMKTS:KXSCF) hit a new 52-week high during trading on Tuesday. The stock traded as high as $138.6120 and last traded at $138.6120, with a volume of 101 shares traded. The stock had previously closed at $130.45.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KXSCF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Kinaxis in a research report on Monday, July 20th. BMO Capital Markets reissued an “outperform” rating on shares of Kinaxis in a report on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Kinaxis Stock Performance

The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.10. The company’s fifty day moving average is $126.09 and its 200 day moving average is $114.96. The company has a market cap of $3.75 billion and a P/E ratio of 55.89.

About Kinaxis

Kinaxis Inc is a Canadian technology company that provides supply chain orchestration and planning software. Its solutions help organizations coordinate demand, supply, inventory, production, transportation and other supply chain activities across complex global operations.

The company’s primary platform, Kinaxis Maestro, is designed to support concurrent planning, supply and demand balancing, sales and operations planning, inventory management, control-tower visibility and scenario analysis.