kneat.com (TSE:KSI) Rating Lowered to Strong Sell at TD Securities

kneat.com (TSE:KSI) was downgraded by equities researchers at TD Securities from a “strong-buy” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

KSI has been the subject of a number of other research reports. ATB Cormark Capital Markets upped their price objective on kneat.com from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. TD downgraded kneat.com from a “buy” rating to a “sell” rating and boosted their price target for the company from C$6.00 to C$6.50 in a research note on Tuesday. Finally, Raymond James Financial cut their price target on kneat.com from C$7.00 to C$5.50 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$6.30.

kneat.com Stock Performance

Shares of KSI stock opened at C$6.43 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.50 and a debt-to-equity ratio of 42.42. kneat.com has a 12-month low of C$3.23 and a 12-month high of C$6.73. The stock has a market capitalization of C$618.13 million, a P/E ratio of -80.38, a P/E/G ratio of 597.67 and a beta of 1.18. The firm’s 50 day moving average is C$4.64 and its 200 day moving average is C$4.45.

kneat.com (TSE:KSI) last announced its earnings results on Wednesday, May 13th. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$18.00 million for the quarter. kneat.com had a negative net margin of 12.69% and a negative return on equity of 12.95%. Research analysts expect that kneat.com will post -0.12 earnings per share 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.