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

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.

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

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.

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