Kinaxis (TSE:KXS) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Kinaxis Inc. (TSE:KXS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$164.50 and traded as low as C$156.79. Kinaxis shares last traded at C$157.42, with a volume of 110,716 shares trading hands.

Wall Street Analyst Weigh In

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

Kinaxis Price Performance

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 cap of C$3.17 billion, a P/E ratio of 156.24, a P/E/G ratio of 3.60 and a beta of 0.78. The company’s 50 day simple moving average is C$172.27 and its 200 day simple moving average is C$164.50.

Insider Buying and Selling at Kinaxis

In other news, Senior Officer Vasile Gelu Ticala sold 3,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of C$174.50, for a total transaction of C$523,500.00. Following the completion of the sale, the insider now owns 596 shares of the company’s stock, valued at C$104,002. This represents a 83.43 % decrease in their ownership of the stock. Also, Director Elizabeth (Betsy) Rafael sold 5,515 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$171.16, for a total transaction of C$943,941.33. Over the last 90 days, insiders sold 20,041 shares of company stock valued at $3,585,011. Corporate 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.