Kinaxis (OTCMKTS:KXSCF) Shares Gap Down – What’s Next?

Kinaxis Inc. (OTCMKTS:KXSCF)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $118.93, but opened at $109.62. Kinaxis shares last traded at $109.61, with a volume of 143 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Kinaxis in a report on Friday, June 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kinaxis currently has an average rating of “Buy”.

Kinaxis Stock Down 5.5%

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 company’s fifty day moving average is $107.54 and its 200-day moving average is $108.89. The company has a market cap of $2.98 billion and a PE ratio of 63.71.

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.