kneat.com (TSE:KSI) Reaches New 52-Week High – Time to Buy?

Shares of kneat.com, inc. (TSE:KSI) hit a new 52-week high on Monday . The company traded as high as C$6.50 and last traded at C$6.47, with a volume of 84782 shares trading hands. The stock had previously closed at C$6.46.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KSI. ATB Cormark Capital Markets raised their price objective on kneat.com from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. TD Securities lowered kneat.com from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, June 9th. TD downgraded shares of kneat.com from a “buy” rating to a “sell” rating and increased their price target for the stock from C$6.00 to C$6.50 in a report on Tuesday, June 9th. Finally, Stifel Nicolaus lowered shares of kneat.com from a “buy” rating to a “hold” rating and raised their price target for the stock from C$5.75 to C$6.50 in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$6.30.

kneat.com Price Performance

The stock has a market cap of C$621.01 million, a PE ratio of -80.75, a P/E/G ratio of 597.67 and a beta of 1.18. The business has a 50 day moving average price of C$5.36 and a 200 day moving average price of C$4.63. The company has a quick ratio of 1.50, a current ratio of 1.41 and a debt-to-equity ratio of 42.42.

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. Equities research analysts expect that kneat.com, inc. will post -0.12 EPS for the current fiscal 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.