Kinaxis (OTCMKTS:KXSCF) Shares Down 5% – Here’s Why

Kinaxis Inc. (OTCMKTS:KXSCF)’s share price traded down 5% on Tuesday . The company traded as low as $104.79 and last traded at $104.79. Approximately 317 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 12,107 shares. The stock had previously closed at $110.2820.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Kinaxis in a report on Monday. BMO Capital Markets reissued an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kinaxis has an average rating of “Buy”.

Kinaxis Trading Down 4.7%

The company has a market cap of $2.86 billion and a price-to-earnings ratio of 60.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.72 and a current ratio of 1.72. The business’s 50 day moving average price is $109.50 and its 200-day moving average price is $105.58.

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.