Redknee Solutions Inc (RKN) Trading 6.4% Higher
Redknee Solutions Inc (TSE:RKN) shares traded up 6.4% during mid-day trading on Monday . The stock traded as high as C$0.83 and last traded at C$0.83. 716,462 shares changed hands during trading, an increase of 72% from the average session volume of 415,492 shares. The stock had previously closed at C$0.78.
Several research analysts have issued reports on the stock. Royal Bank Of Canada raised shares of Redknee Solutions from an “underperform” rating to a “sector perform” rating and set a C$0.75 price objective on the stock in a research report on Wednesday, September 13th. Raymond James Financial, Inc. reduced their target price on shares of Redknee Solutions from C$1.65 to C$1.20 and set an “outperform” rating for the company in a report on Monday, June 12th.
The firm has a 50 day moving average price of $0.75 and a 200-day moving average price of $0.92. The company’s market capitalization is $92.24 million.
In other news, insider Vishal Kothari sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of C$0.75, for a total transaction of C$37,500.00.
About Redknee Solutions
Redknee Solutions Inc is a Canada-based company, which offers real-time monetization and subscriber management software products, solutions and services. The Company’s solutions include Redknee Communications Suite, including Revenue Management, fourth generation (4G) Monetization, Cloud Solutions, Marketing Solutions and Customer Experience, and Redknee Connected Suite, including Energy and Utilities, Internet of Things and Retail.
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