Raymond James Financial Lowers kneat.com (TSE:KSI) Price Target to C$5.50

kneat.com (TSE:KSI) had its price target decreased by equities researchers at Raymond James Financial from C$7.00 to C$5.50 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 35.14% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus dropped their price objective on shares of kneat.com from C$7.50 to C$6.50 and set a “buy” rating on the stock in a report on Wednesday, November 26th. TD Securities raised kneat.com to a “strong-buy” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$6.00.

kneat.com Stock Performance

TSE:KSI opened at C$4.07 on Thursday. The company has a market capitalization of C$388.02 million, a PE ratio of -203.50, a P/E/G ratio of 597.67 and a beta of 0.91. kneat.com has a fifty-two week low of C$3.92 and a fifty-two week high of C$7.15. The company has a debt-to-equity ratio of 85.50, a quick ratio of 1.50 and a current ratio of 1.43. The company has a 50 day simple moving average of C$4.55 and a two-hundred day simple moving average of C$4.98.

kneat.com (TSE:KSI) last issued its quarterly earnings results on Wednesday, February 25th. The company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$17.00 million during the quarter. kneat.com had a negative net margin of 17.59% and a negative return on equity of 29.61%. Research analysts anticipate that kneat.com will post -0.12 earnings per share for the current year.

About kneat.com

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.