Kinaxis (TSE:KXS) Stock Price Crosses Above 50-Day Moving Average of $150.30

Kinaxis Inc. (TSE:KXS) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$150.30 and traded as high as C$157.93. Kinaxis shares last traded at C$157.76, with a volume of 76,577 shares changing hands.

Analysts Set New Price Targets

Separately, CIBC cut Kinaxis from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$180.00 to C$154.00 in a research report on Friday, June 21st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$196.56.

Kinaxis Price Performance

The stock has a market cap of C$4.47 billion, a price-to-earnings ratio of 219.11, a PEG ratio of 3.60 and a beta of 0.77. The company has a current ratio of 2.53, a quick ratio of 2.29 and a debt-to-equity ratio of 11.91. The stock has a 50-day moving average price of C$150.30 and a two-hundred day moving average price of C$151.98.

Kinaxis (TSE:KXS) last issued its earnings results on Wednesday, May 8th. The company reported C$0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.06. The company had revenue of C$160.93 million during the quarter, compared to analyst estimates of C$158.33 million. Kinaxis had a return on equity of 3.42% and a net margin of 3.38%. As a group, equities research analysts forecast that Kinaxis Inc. will post 2.8913676 EPS for the current year.

Insider Buying and Selling

In other Kinaxis news, Director J. Ian Giffen sold 2,500 shares of Kinaxis stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of C$145.75, for a total transaction of C$364,381.00. In other Kinaxis news, Director John Ernest Sicard sold 13,533 shares of Kinaxis stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of C$148.46, for a total transaction of C$2,009,067.23. Also, Director J. Ian Giffen sold 2,500 shares of Kinaxis stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$145.75, for a total value of C$364,381.00. Insiders sold 34,650 shares of company stock worth $5,253,452 in the last 90 days. Insiders own 1.22% 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.