Kinaxis (TSE:KXS) Shares Cross Above 50-Day Moving Average - Should You Sell?

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 changing hands.

Analyst Upgrades and Downgrades

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

Kinaxis Trading Down 1.7%

The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. The stock has a market capitalization of C$3.94 billion, a PE ratio of 194.52, a PEG ratio of 3.60 and a beta of 0.78. The stock's 50 day simple moving average is C$198.32 and its two-hundred day simple moving average is C$178.06.

Insider Activity at Kinaxis

In other Kinaxis 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 that occurred on Monday, June 23rd. The shares were sold at an average price of C$198.66, for a total value of C$260,242.24. Insiders sold a total of 77,493 shares of company stock worth $15,063,388 over the last ninety days. Insiders own 1.20% of the company's stock.

About Kinaxis

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.