Raymond James Financial Lowers kneat.com (TSE:KSI) Price Target to C$5.50

kneat.com (TSE:KSI) had its target price decreased by equities researchers at Raymond James Financial from C$7.00 to C$5.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 31.26% from the company’s previous close.

Several other brokerages have also recently issued reports on KSI. Stifel Nicolaus dropped their price target on kneat.com from C$7.50 to C$6.50 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. TD Securities raised kneat.com to a “strong-buy” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$6.00.

kneat.com Stock Performance

TSE KSI traded down C$0.02 during trading hours on Thursday, hitting C$4.19. The company had a trading volume of 310,371 shares, compared to its average volume of 183,374. The business has a 50 day moving average of C$4.58 and a 200-day moving average of C$5.00. The company has a market cap of C$399.46 million, a PE ratio of -209.50, a price-to-earnings-growth ratio of 597.67 and a beta of 0.91. kneat.com has a 1-year low of C$3.92 and a 1-year high of C$7.25. The company has a debt-to-equity ratio of 85.50, a quick ratio of 1.50 and a current ratio of 1.43.

kneat.com (TSE:KSI) last released its quarterly earnings results on Wednesday, February 25th. The company reported C($0.03) EPS for the quarter. The business had revenue of C$17.00 million during the quarter. kneat.com had a negative net margin of 17.59% and a negative return on equity of 29.61%. As a group, equities research 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.