kneat.com (TSE:KSI) Reaches New 12-Month Low – Should You Sell?

Shares of kneat.com, inc. (TSE:KSI) reached a new 52-week low on Thursday . The company traded as low as C$4.01 and last traded at C$4.05, with a volume of 124902 shares. The stock had previously closed at C$4.27.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KSI. Stifel Nicolaus decreased 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 upgraded kneat.com to a “strong-buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, kneat.com has a consensus rating of “Buy” and a consensus price target of C$6.50.

kneat.com Stock Performance

The company has a quick ratio of 1.50, a current ratio of 1.43 and a debt-to-equity ratio of 85.50. The stock has a market cap of C$386.11 million, a price-to-earnings ratio of -202.50, a PEG ratio of 597.67 and a beta of 0.91. The stock’s fifty day moving average is C$4.71 and its 200-day moving average is C$5.17.

kneat.com (TSE:KSI) last posted its earnings results on Wednesday, November 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. kneat.com had a negative net margin of 17.59% and a negative return on equity of 29.61%. The business had revenue of C$16.11 million during the quarter. On average, analysts forecast that kneat.com, inc. will post -0.12 EPS for the current year.

Insider Activity at kneat.com

In other news, insider Dave O’reilly bought 6,654 shares of the stock in a transaction dated Monday, November 17th. The shares were bought at an average price of C$4.13 per share, for a total transaction of C$27,481.02. Following the completion of the purchase, the insider owned 6,654 shares in the company, valued at approximately C$27,481.02. This trade represents a ∞ increase in their ownership of the stock. Insiders own 25.96% of the company’s stock.

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.