Kinaxis (OTCMKTS:KXSCF) Shares Gap Down – What’s Next?

Shares of Kinaxis Inc. (OTCMKTS:KXSCF) gapped down prior to trading on Tuesday . The stock had previously closed at $118.93, but opened at $109.62. Kinaxis shares last traded at $109.61, with a volume of 143 shares traded.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KXSCF. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Kinaxis in a research report on Friday, June 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Kinaxis Stock Down 5.5%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market capitalization of $2.98 billion and a P/E ratio of 63.71. The company’s 50-day simple moving average is $107.54 and its two-hundred day simple moving average is $108.89.

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.