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

Kinaxis Inc. (TSE:KXS)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$172.15 and traded as high as C$173.76. Kinaxis shares last traded at C$173.14, with a volume of 15,625 shares.

Analyst Ratings Changes

Several equities analysts have commented on KXS shares. TD Securities decreased their price target on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a research report on Friday, November 1st. ATB Capital boosted their target price on Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$192.67.

Kinaxis Price Performance

The stock’s 50-day moving average is C$172.51 and its 200 day moving average is C$161.68. 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 stock has a market capitalization of C$4.89 billion, a PE ratio of 173.19, a P/E/G ratio of 3.60 and a beta of 0.78.

Kinaxis (TSE:KXS) last announced its earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.43 by C$0.04. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. The business had revenue of C$165.79 million for the quarter, compared to analyst estimates of C$170.56 million. As a group, equities analysts expect that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Insider Buying and Selling at Kinaxis

In related news, Director John Ernest Sicard sold 24,147 shares of Kinaxis stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$167.91, for a total value of C$4,054,585.55. Also, Senior Officer David Peter Kelly sold 1,500 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of C$162.21, for a total value of C$243,319.95. In the last three months, insiders have sold 55,200 shares of company stock valued at $9,478,652. 1.20% of the stock is owned by company 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.