kneat.com (TSE:KSI) Price Target Cut to C$5.50 by Analysts at Raymond James Financial

kneat.com (TSE:KSI) had its target price cut by equities research analysts at Raymond James Financial from C$7.00 to C$5.50 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 31.26% from the company’s current price.

A number of other analysts also recently issued reports on the company. Stifel Nicolaus cut their target price on kneat.com from C$7.50 to C$6.50 and set a “buy” rating for the company in a research note on Wednesday, November 26th. TD Securities upgraded shares of kneat.com to a “strong-buy” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$6.00.

kneat.com Price Performance

Shares of kneat.com stock traded down C$0.02 on Thursday, reaching C$4.19. The company’s stock had a trading volume of 310,371 shares, compared to its average volume of 183,374. kneat.com has a 52-week low of C$3.92 and a 52-week high of C$7.25. The company has a market capitalization of C$399.46 million, a P/E ratio of -209.50, a PEG ratio of 597.67 and a beta of 0.91. 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 50-day moving average price of C$4.58 and a 200-day moving average price of C$5.00.

kneat.com (TSE:KSI) last posted its quarterly earnings data on Wednesday, February 25th. The company reported C($0.03) earnings per share for the quarter. kneat.com had a negative return on equity of 29.61% and a negative net margin of 17.59%.The company had revenue of C$17.00 million for the quarter. Analysts expect that kneat.com will post -0.12 EPS for the current 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.