Kinaxis (OTCMKTS:KXSCF) Sees Large Volume Increase – Should You Buy?

Kinaxis Inc. (OTCMKTS:KXSCF) shares saw unusually-high trading volume on Friday . Approximately 15,021 shares changed hands during mid-day trading, an increase of 73% from the previous session’s volume of 8,688 shares.The stock last traded at $92.2420 and had previously closed at $89.7160.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Scotiabank reissued an “outperform” rating on shares of Kinaxis in a research note on Wednesday. Canadian Imperial Bank of Commerce raised Kinaxis from a “neutral” rating to an “outperform” rating in a report on Sunday, December 14th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Kinaxis Price Performance

The company’s 50-day moving average is $119.62 and its 200 day moving average is $128.77.

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.