Kinaxis (OTCMKTS:KXSCF) Hits New 12-Month Low – Should You Sell?

Kinaxis Inc. (OTCMKTS:KXSCF) hit a new 52-week low during trading on Monday . The company traded as low as $86.95 and last traded at $86.95, with a volume of 350 shares traded. The stock had previously closed at $90.15.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KXSCF shares. Canadian Imperial Bank of Commerce upgraded shares of Kinaxis from a “neutral” rating to an “outperform” rating in a research note on Sunday, December 14th. Scotiabank reaffirmed an “outperform” rating on shares of Kinaxis in a report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kinaxis presently has an average rating of “Buy”.

Kinaxis Stock Performance

The company has a 50 day simple moving average of $109.59 and a 200 day simple moving average of $123.12.

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.