Kinaxis (TSE:KXS) Shares Cross Below 200 Day Moving Average of $150.75

Kinaxis Inc. (TSE:KXSGet Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$150.75 and traded as low as C$150.51. Kinaxis shares last traded at C$152.52, with a volume of 52,021 shares.

Analysts Set New Price Targets

KXS has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their price target on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Scotiabank lowered their price target on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. BMO Capital Markets lowered their price target on Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. National Bankshares decreased their price objective on Kinaxis from C$250.00 to C$225.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Finally, Eight Capital decreased their price objective on Kinaxis from C$230.00 to C$190.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$199.44.

Read Our Latest Research Report on Kinaxis

Kinaxis Stock Down 0.6 %

The company has a fifty day moving average of C$154.78 and a two-hundred day moving average of C$150.75. The company has a market cap of C$4.32 billion, a PE ratio of 324.51, a price-to-earnings-growth ratio of 3.60 and a beta of 0.73. The company has a debt-to-equity ratio of 11.39, a quick ratio of 2.29 and a current ratio of 2.54.

Kinaxis (TSE:KXSGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.68 by C($0.09). The company had revenue of C$152.48 million for the quarter, compared to analysts’ expectations of C$153.36 million. Kinaxis had a net margin of 2.36% and a return on equity of 2.35%. As a group, analysts anticipate that Kinaxis Inc. will post 2.8145101 earnings per share for the current fiscal year.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, Director John Ernest Sicard sold 7,516 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$148.11, for a total value of C$1,113,158.68. In other Kinaxis news, Director John Ernest Sicard sold 7,516 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$148.11, for a total value of C$1,113,158.68. Also, Senior Officer Andrew William Robert Bell sold 2,000 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of C$147.04, for a total value of C$294,081.80. Following the completion of the transaction, the insider now directly owns 586 shares in the company, valued at approximately C$86,165.97. Insiders have sold 24,752 shares of company stock valued at $3,685,930 in the last quarter. 1.17% of the stock is owned by insiders.

About Kinaxis

(Get Free Report)

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.

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