Parkit Enterprise (CVE:PKT) Trading Down 1.7%

Shares of Parkit Enterprise Inc. (CVE:PKTGet Free Report) traded down 1.7% during mid-day trading on Wednesday . The stock traded as low as C$0.58 and last traded at C$0.58. 22,500 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 31,036 shares. The stock had previously closed at C$0.59.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered their price objective on Parkit Enterprise from C$0.85 to C$0.75 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th.

Check Out Our Latest Stock Analysis on Parkit Enterprise

Parkit Enterprise Stock Performance

The firm’s fifty day simple moving average is C$0.60 and its 200 day simple moving average is C$0.63. The stock has a market capitalization of C$120.05 million, a P/E ratio of -53.00 and a beta of 2.05. The company has a debt-to-equity ratio of 112.98, a quick ratio of 5.35 and a current ratio of 4.22.

Parkit Enterprise (CVE:PKTGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.01 by C($0.03). Parkit Enterprise had a negative net margin of 14.16% and a negative return on equity of 2.51%. The firm had revenue of C$5.83 million during the quarter. As a group, equities research analysts forecast that Parkit Enterprise Inc. will post 0.03 EPS for the current fiscal year.

About Parkit Enterprise

(Get Free Report)

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. The firm has parking assets across various markets in the United States of America. The firm seeks to invest in the United States.

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