Kinaxis (OTCMKTS:KXSCF) Shares Gap Down – Time to Sell?

Kinaxis Inc. (OTCMKTS:KXSCF) shares gapped down before the market opened on Friday . The stock had previously closed at $107.4233, but opened at $100.30. Kinaxis shares last traded at $100.30, with a volume of 100 shares.

Analysts Set New Price Targets

Separately, Scotiabank reaffirmed an “outperform” rating on shares of Kinaxis in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Kinaxis Trading Down 0.7%

The company has a 50-day moving average price of $98.86 and a 200-day moving average price of $113.21. The firm has a market capitalization of $2.80 billion and a price-to-earnings ratio of 149.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.97 and a current ratio of 1.97.

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.