Kinaxis (TSE:KXS) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Kinaxis Inc. (TSE:KXS - Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$198.14 and traded as high as C$200.02. Kinaxis shares last traded at C$199.42, with a volume of 33,339 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KXS shares. Stifel Nicolaus upped their price target on shares of Kinaxis from C$195.00 to C$225.00 in a research report on Friday, May 9th. ATB Capital lowered shares of Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 target price for the company. in a report on Friday, May 9th. BMO Capital Markets raised their price objective on shares of Kinaxis from C$190.00 to C$225.00 in a report on Friday, May 9th. Royal Bank Of Canada raised their price objective on shares of Kinaxis from C$210.00 to C$225.00 in a report on Friday, May 9th. Finally, Atb Cap Markets lowered shares of Kinaxis from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$205.00.

Kinaxis Stock Performance

The business's fifty day moving average price is C$198.32 and its two-hundred day moving average price is C$178.05. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. The stock has a market capitalization of C$4.01 billion, a P/E ratio of 197.79, a P/E/G ratio of 3.60 and a beta of 0.78.

Insider Transactions at Kinaxis

In other news, Senior Officer David Peter Kelly sold 8,466 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of C$196.76, for a total value of C$1,665,769.31. Also, Senior Officer Michael David Mauger sold 1,310 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of C$198.66, for a total transaction of C$260,242.24. Over the last three months, insiders have sold 77,493 shares of company stock valued at $15,063,388. 1.20% of the stock is owned by corporate insiders.

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.