kneat.com (TSE:KSI) Stock Price Down 14.8% – Here’s What Happened

kneat.com, inc. (TSE:KSI)’s share price fell 14.8% on Thursday . The stock traded as low as C$4.16 and last traded at C$4.25. 290,173 shares traded hands during trading, an increase of 195% from the average session volume of 98,430 shares. The stock had previously closed at C$4.99.

Wall Street Analyst Weigh In

Separately, Raymond James Financial dropped their price objective on kneat.com from C$7.50 to C$7.00 and set an “outperform” rating for the company in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$7.00.

kneat.com Price Performance

The company has a market cap of C$403.83 million, a P/E ratio of 425.00, a P/E/G ratio of 597.67 and a beta of 1.17. The company has a current ratio of 1.43, a quick ratio of 1.50 and a debt-to-equity ratio of 85.50. The company’s 50-day moving average price is C$5.54 and its two-hundred day moving average price is C$5.87.

kneat.com Company Profile

kneat.com Inc is in the business of developing and marketing a software application for modelling regulated data-intensive processes for regulated industries, focusing on the life sciences industry. The company has developed Kneat Gx solution which provides management real-time visibility and control and increases product, quality, and compliance.