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

Kinaxis Inc. (OTCMKTS:KXSCF) shares gapped up before the market opened on Thursday . The stock had previously closed at $115.51, but opened at $121.9540. Kinaxis shares last traded at $121.9540, with a volume of 21 shares.

Analyst Ratings Changes

A number of research firms have issued reports on KXSCF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. BMO Capital Markets reissued an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. Finally, Scotiabank restated an “outperform” rating on shares of Kinaxis in a research note on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kinaxis has a consensus rating of “Buy”.

Kinaxis Stock Performance

The stock’s 50-day moving average price is $104.50 and its 200-day moving average price is $109.10. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $3.29 billion and a price-to-earnings ratio of 70.00.

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.