kneat.com (TSE:KSI) Sets New 12-Month High – Time to Buy?

kneat.com, inc. (TSE:KSIGet Free Report)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as C$6.50 and last traded at C$6.50, with a volume of 24493 shares traded. The stock had previously closed at C$6.49.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KSI. TD Securities lowered shares of kneat.com from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Stifel Nicolaus downgraded kneat.com from a “buy” rating to a “hold” rating and lifted their price target for the company from C$5.75 to C$6.50 in a research note on Wednesday, June 10th. ATB Cormark Capital Markets boosted their price target on kneat.com from C$6.00 to C$7.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, TD lowered kneat.com from a “buy” rating to a “sell” rating and boosted their price target for the company from C$6.00 to C$6.50 in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$6.30.

Check Out Our Latest Stock Report on kneat.com

kneat.com Stock Performance

The firm has a market capitalization of C$627.72 million, a price-to-earnings ratio of -81.25, a P/E/G ratio of 597.67 and a beta of 1.11. The company has a quick ratio of 1.50, a current ratio of 1.41 and a debt-to-equity ratio of 42.42. The stock’s fifty day moving average is C$6.33 and its two-hundred day moving average is C$4.97.

kneat.com (TSE:KSIGet Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$18.00 million during the quarter. kneat.com had a negative net margin of 12.69% and a negative return on equity of 12.95%. On average, analysts predict that kneat.com, inc. will post -0.12 earnings per share for the current year.

About kneat.com

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Kneat Solutions provides leading companies in highly regulated industries with unparalleled efficiency in validation and compliance through its digital validation platform Kneat Gx. As an industry leader in customer satisfaction, Kneat boasts an excellent record for implementation, powered by our user-friendly design, expert support, and on-demand training academy. Kneat Gx is an industry-leading digital validation platform that enables highly regulated companies to manage any validation discipline from end-to-end.

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