Kinaxis (TSE:KXS) Share Price Passes Below Fifty Day Moving Average of $137.50

Kinaxis Inc. (TSE:KXS – Get Rating)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$137.50 and traded as low as C$126.08. Kinaxis shares last traded at C$132.50, with a volume of 94,414 shares changing hands.

A number of brokerages recently weighed in on KXS. Canaccord Genuity Group lowered their price target on shares of Kinaxis from C$225.00 to C$200.00 in a report on Thursday, March 3rd. BMO Capital Markets lowered their price target on shares of Kinaxis from C$200.00 to C$185.00 in a report on Monday, May 9th. TD Securities lowered their target price on shares of Kinaxis from C$230.00 to C$210.00 and set a “buy” rating for the company in a report on Monday, May 9th. Royal Bank of Canada lowered their target price on shares of Kinaxis from C$200.00 to C$175.00 and set an “outperform” rating for the company in a report on Monday, May 9th. Finally, Scotiabank lowered their target price on shares of Kinaxis from C$213.00 to C$208.00 in a report on Thursday, March 3rd. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, Kinaxis presently has a consensus rating of “Buy” and an average target price of C$213.69.

The firm has a market capitalization of C$3.66 billion and a P/E ratio of 218.29. The firm’s 50-day moving average is C$137.50 and its 200 day moving average is C$154.11. The company has a debt-to-equity ratio of 17.55, a quick ratio of 2.18 and a current ratio of 2.25.

Kinaxis (TSE:KXS – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported C$0.82 EPS for the quarter, topping the consensus estimate of C$0.67 by C$0.15. The business had revenue of C$124.28 million for the quarter, compared to the consensus estimate of C$115.44 million. As a group, research analysts expect that Kinaxis Inc. will post 1.4 EPS for the current fiscal year.

In other Kinaxis news, Director Angel Luis Mendez sold 5,000 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of C$131.77, for a total transaction of C$658,841.50.

About Kinaxis (TSE:KXS)

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Japan, Hong Kong, The Netherlands, South Korea, the United Kingdom, Singapore, France, Ireland, Germany, India, and Canada. It offers Kinaxis, a cloud-based software-as-a-service platform, which provides advanced planning, sales and operations planning, supply and demand planning, inventory management, and command and control center services.

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