Kinaxis (OTCMKTS:KXSCF) Stock Price Down 5% – Here’s What Happened

Kinaxis Inc. (OTCMKTS:KXSCF) shares fell 5% during mid-day trading on Tuesday . The company traded as low as $104.79 and last traded at $104.79. 317 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 12,107 shares. The stock had previously closed at $110.2820.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kinaxis in a report on Monday. Finally, BMO Capital Markets restated an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

Kinaxis Stock Down 4.7%

The company has a market cap of $2.86 billion and a P/E ratio of 60.99. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average price of $109.50 and a 200 day moving average price of $105.58.

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.