kneat.com (TSE:KSI) Hits New 12-Month Low – Here’s What Happened

kneat.com, inc. (TSE:KSI)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as C$3.62 and last traded at C$3.63, with a volume of 60251 shares changing hands. The stock had previously closed at C$3.76.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KSI shares. TD Securities raised shares of kneat.com to a “strong-buy” rating in a report on Wednesday, February 4th. Raymond James Financial cut their price target on kneat.com from C$7.00 to C$5.50 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Finally, Stifel Nicolaus cut their price objective on shares of kneat.com from C$7.50 to C$6.50 and set a “buy” rating for the company in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$6.00.

kneat.com Stock Down 3.5%

The company has a debt-to-equity ratio of 53.89, a current ratio of 1.82 and a quick ratio of 1.50. The company has a market capitalization of C$347.71 million, a price-to-earnings ratio of -181.50, a price-to-earnings-growth ratio of 597.67 and a beta of 0.66. The firm’s 50-day simple moving average is C$4.38 and its two-hundred day simple moving average is C$4.88.

kneat.com (TSE:KSI) last released its quarterly earnings results on Wednesday, February 25th. The company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$17.00 million during the quarter. kneat.com had a negative return on equity of 3.55% and a negative net margin of 3.71%. Sell-side analysts predict that kneat.com, inc. will post -0.12 EPS for the current fiscal year.

kneat.com Company Profile

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.