kneat.com (TSE:KSI) Hits New 12-Month Low on Analyst Downgrade

kneat.com, inc. (TSE:KSI) hit a new 52-week low during trading on Thursday after Raymond James Financial lowered their price target on the stock from C$7.00 to C$5.50. Raymond James Financial currently has an outperform rating on the stock. kneat.com traded as low as C$3.92 and last traded at C$4.16, with a volume of 283041 shares trading hands. The stock had previously closed at C$4.21.

A number of other equities analysts have also recently issued reports on KSI. Stifel Nicolaus reduced their price objective on shares of kneat.com from C$7.50 to C$6.50 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. TD Securities upgraded shares of kneat.com to a “strong-buy” rating in a report on Wednesday, February 4th. One equities 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, the stock currently has an average rating of “Buy” and a consensus target price of C$6.00.

kneat.com Stock Down 2.9%

The company has a market cap of C$388.02 million, a P/E ratio of -203.50, a price-to-earnings-growth ratio of 597.67 and a beta of 0.91. The company has a debt-to-equity ratio of 85.50, a current ratio of 1.43 and a quick ratio of 1.50. The stock has a fifty day moving average price of C$4.55 and a two-hundred day moving average price of C$4.98.

kneat.com (TSE:KSI) last issued 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 for the quarter. kneat.com had a negative net margin of 17.59% and a negative return on equity of 29.61%. On average, research analysts expect that kneat.com, inc. will post -0.12 EPS for the current 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.