Kinaxis (OTCMKTS:KXSCF) Stock Price Up 8.2% – Here’s What Happened

Kinaxis Inc. (OTCMKTS:KXSCF)’s stock price was up 8.2% during mid-day trading on Tuesday . The stock traded as high as $112.68 and last traded at $112.68. Approximately 1 shares changed hands during trading, a decline of 100% from the average session volume of 11,794 shares. The stock had previously closed at $104.12.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KXSCF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Kinaxis in a report on Monday, July 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

Kinaxis Stock Up 5.3%

The stock’s fifty day moving average is $109.91 and its two-hundred day moving average is $104.90. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3.19 billion and a PE ratio of 68.11.

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.