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Kinaxis (TSE:KXS) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Kinaxis logo with Computer and Technology background

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

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

Get Our Latest Analysis on Kinaxis

Kinaxis Trading Down 0.4%

The company has a market capitalization of C$4.01 billion, a price-to-earnings ratio of 197.92, a P/E/G ratio of 3.60 and a beta of 0.78. 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 business's 50-day simple moving average is C$198.14 and its 200-day simple moving average is C$177.94.

Insiders Place Their Bets

In other news, Senior Officer David Peter Kelly sold 8,466 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of C$196.76, for a total value of C$1,665,769.31. Also, Director Robert G. Courteau sold 4,662 shares of Kinaxis stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$194.79, for a total value of C$908,103.52. Insiders sold a total of 77,493 shares of company stock valued at $15,063,388 over the last three months. 1.20% of the stock is owned by insiders.

Kinaxis Company Profile

(Get Free Report)

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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