kneat.com (TSE:KSI) Lowered to “Strong Sell” Rating by TD Securities

kneat.com (TSE:KSI) was downgraded by TD Securities from a “strong-buy” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other analysts have also recently issued reports on KSI. Raymond James Financial reduced their price objective on shares of 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. TD cut shares of kneat.com from a “buy” rating to a “sell” rating and lifted their target price for the company from C$6.00 to C$6.50 in a research note on Tuesday. Finally, ATB Cormark Capital Markets upped their target price on shares of kneat.com from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$6.30.

kneat.com Stock Performance

Shares of TSE:KSI opened at C$6.43 on Tuesday. The stock has a 50 day moving average of C$4.64 and a 200 day moving average of C$4.45. The company has a market cap of C$618.13 million, a PE ratio of -80.38, a price-to-earnings-growth ratio of 597.67 and a beta of 1.18. kneat.com has a 12-month low of C$3.23 and a 12-month high of C$6.73. The company has a current ratio of 1.41, a quick ratio of 1.50 and a debt-to-equity ratio of 42.42.

kneat.com (TSE:KSI) last released its earnings results on Wednesday, May 13th. The company reported C($0.04) EPS for the quarter. kneat.com had a negative return on equity of 12.95% and a negative net margin of 12.69%.The firm had revenue of C$18.00 million for the quarter. As a group, equities research analysts expect that kneat.com will post -0.12 EPS 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.