Insider Buying: Parkit Enterprise (CVE:PKT) Insider Purchases C$10,413.00 in Stock

Parkit Enterprise Inc. (CVE:PKT) insider Parkit Enterprise Inc. bought 1,300 shares of the firm’s stock in a transaction dated Monday, September 28th. The shares were acquired at an average cost of C$8.01 per share, with a total value of C$10,413.00. Following the completion of the transaction, the insider owned 1,300 shares of the company’s stock, valued at C$10,413. This represents a ∞ increase in their ownership of the stock.

Parkit Enterprise Inc. also recently made the following trade(s):

• On Wednesday, September 30th, Parkit Enterprise Inc. bought 11,100 shares of Parkit Enterprise stock. The stock was bought at an average price of C$8.01 per share, for a total transaction of C$88,911.00.

Parkit Enterprise Stock Performance

CVE:PKT remained flat at C$8.25 during trading hours on Friday. The company’s stock had a trading volume of 1,400 shares, compared to its average volume of 2,747. Parkit Enterprise Inc. has a fifty-two week low of C$7.35 and a fifty-two week high of C$10.00. The firm has a market cap of C$114.10 million, a price-to-earnings ratio of 8.09 and a beta of 2.19. The firm’s 50 day moving average price is C$8.49.

Wall Street Analyst Weigh In

Separately, Raymond James Financial lifted their price target on Parkit Enterprise from C$10.50 to C$11.00 and gave the company a “market perform” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$11.00.

Parkit Enterprise Inc is a Canadian company focused on the ownership and operation of parking assets and related real estate. The company’s business is centered on acquiring, managing, and optimizing parking facilities, with an emphasis on generating revenue from parking operations and associated property uses.

As a real estate-focused operator, Parkit Enterprise’s activities are tied to urban and commercial parking demand in Canada and may include surface lots, parking structures, and other parking-related properties.