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

Kinaxis Inc. (OTCMKTS:KXSCF)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $110.77, but opened at $106.55. Kinaxis shares last traded at $106.52, with a volume of 128 shares trading hands.

Analysts Set New Price Targets

KXSCF has been the topic of several research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Kinaxis in a research note on Friday, June 5th. 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 research analysts have rated the stock with a Buy rating, According to MarketBeat, Kinaxis has a consensus rating of “Buy”.

Kinaxis Stock Up 0.3%

The firm has a market cap of $2.93 billion and a P/E ratio of 62.62. 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 firm has a fifty day moving average of $108.85 and a 200-day moving average of $106.60.

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.