Parkit Enterprise (CVE:PKT) Stock Price Down 3.5%

Parkit Enterprise Inc. (CVE:PKT)’s stock price was down 3.5% on Monday . The stock traded as low as C$0.55 and last traded at C$0.55. Approximately 68,710 shares traded hands during trading, an increase of 80% from the average daily volume of 38,205 shares. The stock had previously closed at C$0.57.

Analysts Set New Price Targets

A number of analysts recently issued reports on PKT shares. Raymond James increased their price target on shares of Parkit Enterprise from C$0.60 to C$0.85 and gave the stock an “outperform” rating in a report on Monday, January 8th. Canaccord Genuity Group increased their target price on shares of Parkit Enterprise from C$0.70 to C$0.80 and gave the stock a “buy” rating in a research note on Wednesday, December 20th.

Parkit Enterprise Stock Down 3.5 %

The company has a debt-to-equity ratio of 112.90, a quick ratio of 5.35 and a current ratio of 4.00. The business has a 50 day simple moving average of C$0.64 and a 200-day simple moving average of C$0.61. The firm has a market capitalization of C$125.34 million, a price-to-earnings ratio of -27.50 and a beta of 2.10.

Parkit Enterprise (CVE:PKT) last posted its quarterly earnings results on Thursday, March 7th. The company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C$0.01 by C($0.03). The firm had revenue of C$5.83 million during the quarter. Parkit Enterprise had a negative net margin of 21.29% and a negative return on equity of 3.31%. On average, equities analysts expect that Parkit Enterprise Inc. will post 0.03 EPS for the current year.

Parkit Enterprise Company Profile

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. The firm has parking assets across various markets in the United States of America. The firm seeks to invest in the United States.