Kinaxis (OTCMKTS:KXSCF) Trading 1.5% Higher – Here’s Why

Kinaxis Inc. (OTCMKTS:KXSCF) shares traded up 1.5% on Wednesday . The company traded as high as $102.0565 and last traded at $102.0565. 1,233 shares were traded during trading, a decline of 89% from the average session volume of 11,212 shares. The stock had previously closed at $100.57.

Analysts Set New Price Targets

KXSCF has been the topic of a number of research reports. Canadian Imperial Bank of Commerce upgraded Kinaxis from a “neutral” rating to an “outperform” rating in a research note on Sunday, December 14th. Scotiabank reiterated an “outperform” rating on shares of Kinaxis in a research report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Kinaxis Stock Up 1.5%

The company’s 50 day moving average price is $97.23 and its two-hundred day moving average price is $116.17.

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.