Kinaxis (OTCMKTS:KXSCF) Shares Gap Down – Should You Sell?

Kinaxis Inc. (OTCMKTS:KXSCF) shares gapped down before the market opened on Wednesday. The stock had previously closed at $151.67, but opened at $145.00. Kinaxis shares last traded at $156.00, with a volume of 1,200 shares.

Wall Street Analyst Weigh In

KXSCF has been the subject of several analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Kinaxis in a report on Tuesday, August 4th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kinaxis in a research note on Monday, July 20th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Kinaxis Stock Up 2.2%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market cap of $4.20 billion and a price-to-earnings ratio of 48.43. The stock’s fifty day moving average is $130.83 and its two-hundred day moving average is $112.99.

Kinaxis Company Profile

Kinaxis Inc. is a Canadian software company that develops cloud-based supply chain planning and management solutions. Its platform, Kinaxis Maestro, helps organizations coordinate planning across their supply chains and respond to changes in demand, supply and operations. Maestro supports activities such as demand and supply planning, inventory management, scenario analysis and sales and operations planning. The company also provides implementation, training and support services to help customers use its software.