Kinaxis (OTCMKTS:KXSCF) Issues Earnings Results
by Sarita Garza · The Markets DailyKinaxis (OTCMKTS:KXSCF – Get Free Report) issued its earnings results on Wednesday. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.21), Zacks reports. Kinaxis had a net margin of 14.50% and a return on equity of 19.79%.
Kinaxis Price Performance
Shares of KXSCF stock traded down $2.24 on Wednesday, reaching $121.13. The company had a trading volume of 745 shares, compared to its average volume of 14,326. The company has a 50-day moving average of $112.07 and a 200-day moving average of $104.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.72 and a current ratio of 1.72. Kinaxis has a 12 month low of $84.70 and a 12 month high of $146.63.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kinaxis in a research note on Monday, July 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Kinaxis in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.
Check Out Our Latest Stock Report on KXSCF
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. The company also provides strategic services, such as digital business transformation, advanced analytics, and digital innovation and acceleration services; implementation, including agile implementation methodology, RapidStart, sustainment, and rollout services; and continuous learning services consisting of Kinaxis learning center, custom learning programs, and certification, as well as support services.