Kinaxis (OTCMKTS:KXSCF) Trading 1.5% Higher - Here's Why

Key Points

• Shares of Kinaxis rose about 1.5% to $102.06 mid-day, but trading was very light at ~1,233 shares — an 89% decline from the average volume.
• Analysts are bullish: CIBC upgraded Kinaxis to "outperform" and Scotiabank reaffirmed "outperform," giving the stock a consensus rating of "Buy" from three analysts.
• Kinaxis sells the cloud-based supply chain platform RapidResponse, offering planning, inventory management, analytics and related services to enterprise customers globally.

Shares of Kinaxis Inc. (OTCMKTS:KXSCF - Get Free Report) were up 1.5% during mid-day trading on Wednesday . The stock traded as high as $102.0565 and last traded at $102.0565. Approximately 1,233 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 11,212 shares. The stock had previously closed at $100.57.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Canadian Imperial Bank of Commerce raised Kinaxis from a "neutral" rating to an "outperform" rating in a report on Sunday, December 14th. Scotiabank reaffirmed an "outperform" rating on shares of Kinaxis in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Kinaxis has a consensus rating of "Buy".

Kinaxis Stock Up 1.5%

The business's 50 day moving average price is $97.23 and its 200 day moving average price is $116.17.

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.

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