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

kneat.com, inc. (TSE:KSI)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$6.44 and last traded at C$6.44, with a volume of 248318 shares. The stock had previously closed at C$6.43.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Securities lowered kneat.com from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, June 9th. ATB Cormark Capital Markets upped their price target on kneat.com from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. 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. TD cut kneat.com from a “buy” rating to a “sell” rating and boosted their price objective for the company from C$6.00 to C$6.50 in a research note on Tuesday, June 9th. Finally, Stifel Nicolaus downgraded shares of kneat.com from a “buy” rating to a “hold” rating and upped their price objective for the company from C$5.75 to C$6.50 in a report on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$6.30.

kneat.com Trading Up 0.2%

The firm has a 50 day simple moving average of C$5.15 and a 200 day simple moving average of C$4.58. The company has a debt-to-equity ratio of 42.42, a quick ratio of 1.50 and a current ratio of 1.41. The firm has a market cap of C$619.09 million, a P/E ratio of -80.50, a P/E/G ratio of 597.67 and a beta of 1.18.

kneat.com (TSE:KSI) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C($0.04) earnings per share for the quarter. kneat.com had a negative net margin of 12.69% and a negative return on equity of 12.95%. The company had revenue of C$18.00 million for the quarter. On average, equities research 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.