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

Kinaxis Inc. (OTCMKTS:KXSCF)’s share price gapped down before the market opened 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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KXSCF. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Kinaxis in a research note on Monday, July 20th. BMO Capital Markets restated an “outperform” rating on shares of Kinaxis in a research report on Tuesday, August 4th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Kinaxis Stock Performance

The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average is $132.20 and its two-hundred day moving average is $113.51. The company has a market capitalization of $4.35 billion and a P/E ratio of 50.32.

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.