Parkit Enterprise (CVE:PKT) Insider Parkit Enterprise Inc. Buys 11,100 Shares of Company Stock

Parkit Enterprise Inc. (CVE:PKT) insider Parkit Enterprise Inc. bought 11,100 shares of the stock in a transaction on Wednesday, September 30th. The shares were purchased at an average price of C$8.01 per share, with a total value of C$88,911.00. Following the acquisition, the insider owned 11,100 shares in the company, valued at approximately C$88,911. This represents a ? increase in their position.

Parkit Enterprise Inc. also recently made the following trade(s):

• On Monday, September 28th, Parkit Enterprise Inc. purchased 1,300 shares of Parkit Enterprise stock. The shares were purchased at an average cost of C$8.01 per share, with a total value of C$10,413.00.

Parkit Enterprise Price Performance

Shares of PKT remained flat at C$8.25 during mid-day trading on Friday. 1,400 shares of the stock traded hands, compared to its average volume of 2,747. Parkit Enterprise Inc. has a one year low of C$7.35 and a one year high of C$10.00. The firm has a market cap of C$114.10 million, a price-to-earnings ratio of 8.09 and a beta of 2.19. The stock’s 50 day moving average is C$8.49.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial raised their price objective on Parkit Enterprise from C$10.50 to C$11.00 and gave the company a “market perform” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$11.00.

Parkit Enterprise Inc is a Canadian company focused on the ownership and operation of parking assets and related real estate. The company’s business is centered on acquiring, managing, and optimizing parking facilities, with an emphasis on generating revenue from parking operations and associated property uses.

As a real estate-focused operator, Parkit Enterprise’s activities are tied to urban and commercial parking demand in Canada and may include surface lots, parking structures, and other parking-related properties.