Kinaxis (OTCMKTS:KXSCF) Shares Gap Down – Should You Sell?

Kinaxis Inc. (OTCMKTS:KXSCF) gapped down prior to trading on Wednesday. The stock had previously closed at $151.67, but opened at $145.00. Kinaxis shares last traded at $156.00, with a volume of 1,200 shares trading hands.

Analyst Ratings Changes

KXSCF has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Kinaxis in a report on Tuesday, August 4th. Canadian Imperial Bank of Commerce reiterated 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 MarketBeat.com, the company presently has an average rating of “Buy”.

Kinaxis Stock Up 2.2%

The stock has a fifty day moving average of $130.83 and a 200 day moving average of $112.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $4.20 billion and a P/E ratio of 48.43.

About Kinaxis

Kinaxis Inc. is a Canadian software company that develops cloud-based supply chain planning and management solutions. Its platform, Kinaxis Maestro, helps organizations coordinate planning across their supply chains and respond to changes in demand, supply and operations. Maestro supports activities such as demand and supply planning, inventory management, scenario analysis and sales and operations planning. The company also provides implementation, training and support services to help customers use its software.