Kinaxis (TSE:KXS) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Kinaxis Inc. (TSE:KXS)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

A number of research firms recently commented on KXS. ATB Capital lifted their target price on Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Securities decreased their target price on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Kinaxis currently has an average rating of “Moderate Buy” and a consensus target price of C$192.67.

Kinaxis Price Performance

The firm has a market capitalization of C$3.12 billion, a PE ratio of 153.95, a PEG ratio of 3.60 and a beta of 0.78. The stock has a 50-day moving average price of C$171.74 and a 200 day moving average price of C$164.63. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12.

Insider Activity

In other news, Director John Ernest Sicard sold 7,323 shares of Kinaxis stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$185.05, for a total value of C$1,355,126.28. Also, Senior Officer Andrew William Robert Bell sold 600 shares of Kinaxis stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$177.14, for a total value of C$106,281.00. Following the completion of the sale, the insider now directly owns 831 shares in the company, valued at C$147,199.19. This represents a 41.93 % decrease in their ownership of the stock. Insiders sold 20,041 shares of company stock worth $3,585,011 over the last three months. 1.20% of the stock is currently owned by corporate insiders.

About Kinaxis

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.