Kinaxis (OTCMKTS:KXSCF) Reaches New 52-Week High – Should You Buy?

Shares of Kinaxis Inc. (OTCMKTS:KXSCF) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $145.00 and last traded at $145.00, with a volume of 100 shares. The stock had previously closed at $137.70.

Wall Street Analysts Forecast Growth

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

Kinaxis Trading Up 0.3%

The stock has a 50-day moving average price of $129.97 and a two-hundred day moving average price of $112.57. The stock has a market capitalization of $3.97 billion and a PE ratio of 45.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.88 and a current ratio of 1.88.

Kinaxis Company Profile

Kinaxis Inc is a Canadian technology company that provides supply chain orchestration and planning software. Its solutions help organizations coordinate demand, supply, inventory, production, transportation and other supply chain activities across complex global operations.

The company’s primary platform, Kinaxis Maestro, is designed to support concurrent planning, supply and demand balancing, sales and operations planning, inventory management, control-tower visibility and scenario analysis.