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

Kinaxis Inc. (OTCMKTS:KXSCF)’s share price gapped up prior to trading on Monday . The stock had previously closed at $100.9930, but opened at $109.16. Kinaxis shares last traded at $109.16, with a volume of 100 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reaffirmed an “outperform” rating on shares of Kinaxis in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Kinaxis Price Performance

The firm has a market cap of $2.81 billion and a price-to-earnings ratio of 151.03. The business’s 50-day simple moving average is $100.58 and its two-hundred day simple moving average is $111.55. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.10.

Kinaxis (OTCMKTS:KXSCF) last released its earnings results on Wednesday, May 6th. The company reported $999.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $997.86. Kinaxis had a net margin of 12.90% and a return on equity of 16.43%.

Kinaxis Company Profile

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.