Kinaxis (OTCMKTS:KXSCF) Reaches New 1-Year High – Should You Buy?

Kinaxis Inc. (OTCMKTS:KXSCF)’s share price reached a new 52-week high on Friday. The stock traded as high as $162.09 and last traded at $162.09, with a volume of 5 shares changing hands. The stock had previously closed at $161.0101.

Wall Street Analysts Forecast Growth

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

Kinaxis Stock Up 0.1%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.88 and a current ratio of 1.88. The stock’s 50 day moving average price is $132.20 and its 200-day moving average price is $113.51. The company has a market cap of $4.35 billion and a PE ratio of 50.23.

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.