Kinaxis (TSE:KXS) Stock Crosses Below 200 Day Moving Average – Here’s Why

Shares of Kinaxis Inc. (TSE:KXS) crossed 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 changing hands.

Analyst Ratings Changes

A number of research analysts have recently commented on KXS shares. TD Securities lowered their price objective on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a report on Friday, November 1st. ATB Capital raised their price target on 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 equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kinaxis currently has an average rating of “Moderate Buy” and an average target price of C$192.67.

Kinaxis Trading Down 1.6 %

The firm has a market cap of C$3.17 billion, a P/E ratio of 156.24, a PEG ratio of 3.60 and a beta of 0.78. The company’s 50 day moving average is C$172.27 and its two-hundred day moving average is C$164.50. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29.

Insiders Place Their Bets

In other news, Senior Officer Andrew William Robert Bell sold 600 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$177.14, for a total value of C$106,281.00. Following the completion of the transaction, the insider now owns 831 shares in the company, valued at approximately C$147,199.19. This represents a 41.93 % decrease in their position. Also, Senior Officer Conrad John Mandala sold 1,500 shares of Kinaxis stock in a transaction dated Friday, December 20th. The shares were sold at an average price of C$178.02, for a total transaction of C$267,031.95. Following the sale, the insider now owns 495 shares in the company, valued at approximately C$88,120.54. This trade represents a 75.19 % decrease in their ownership of the stock. In the last quarter, insiders sold 20,041 shares of company stock worth $3,585,011. 1.20% of the stock is currently owned by company 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.