Kinaxis (OTCMKTS:KXSCF) Shares Down 2.3% – Here’s What Happened

Kinaxis Inc. (OTCMKTS:KXSCF) was down 2.3% during mid-day trading on Monday . The company traded as low as $142.89 and last traded at $142.89. Approximately 6,060 shares traded hands during trading, a decline of 30% from the average daily volume of 8,665 shares. The stock had previously closed at $146.31.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of Kinaxis in a research note on Friday.

Kinaxis Trading Down 2.3%

The firm has a fifty day simple moving average of $146.10 and a 200-day simple moving average of $130.26.

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.