Kinaxis (TSE:KXS) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Kinaxis Inc. (TSE:KXS) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$153.92 and traded as high as C$161.92. Kinaxis shares last traded at C$160.30, with a volume of 41,611 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stifel Nicolaus decreased their price target on Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. CIBC lowered Kinaxis from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from C$180.00 to C$154.00 in a report on Friday, June 21st. Scotiabank dropped their price target on shares of Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. ATB Capital reduced their price objective on shares of Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, TD Securities dropped their target price on shares of Kinaxis from C$200.00 to C$195.00 in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kinaxis currently has a consensus rating of “Moderate Buy” and an average target price of C$192.11.

Kinaxis Trading Down 0.1 %

The firm has a market capitalization of C$4.53 billion, a P/E ratio of 161.92, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90. The firm has a 50 day moving average price of C$153.92 and a two-hundred day moving average price of C$153.47.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.42 earnings per share for the quarter, topping the consensus estimate of C$0.27 by C$0.15. The business had revenue of C$161.83 million during the quarter, compared to analyst estimates of C$160.55 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. On average, equities research analysts expect that Kinaxis Inc. will post 4.237851 EPS for the current fiscal year.

Insider Transactions at Kinaxis

In other news, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$152.00, for a total value of C$667,584.00. In related news, Senior Officer Andrew William Robert Bell sold 701 shares of Kinaxis stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$149.56, for a total transaction of C$104,841.70. Following the completion of the sale, the insider now owns 831 shares of the company’s stock, valued at approximately C$124,284.53. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of Kinaxis stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$152.00, for a total value of C$667,584.00. Insiders sold a total of 8,265 shares of company stock valued at $1,268,146 over the last quarter. Company insiders own 1.20% of the company’s stock.

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.