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

Kinaxis Inc. (OTCMKTS:KXSCF) gapped up before the market opened on Thursday . The stock had previously closed at $102.0420, but opened at $107.60. Kinaxis shares last traded at $104.60, with a volume of 104 shares traded.

Analyst Ratings Changes

KXSCF has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Scotiabank reiterated an “outperform” rating on shares of Kinaxis in a research note on Wednesday, February 4th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Kinaxis has a consensus rating of “Buy”.

Kinaxis Price Performance

The stock has a market capitalization of $2.88 billion and a price-to-earnings ratio of 61.30. The company has a 50 day moving average of $102.62 and a 200 day moving average of $109.90. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.10.

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.