kneat.com (TSE:KSI) Reaches New 12-Month High – Here’s What Happened

kneat.com, inc. (TSE:KSI) shares reached a new 52-week high during trading on Monday . The company traded as high as C$6.50 and last traded at C$6.50, with a volume of 66086 shares traded. The stock had previously closed at C$6.47.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on KSI shares. TD Securities lowered kneat.com from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, June 9th. ATB Cormark Capital Markets boosted their price target on shares of kneat.com from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. TD downgraded shares of kneat.com from a “buy” rating to a “sell” rating and upped their price target for the company from C$6.00 to C$6.50 in a report on Tuesday, June 9th. Finally, Stifel Nicolaus lowered shares of kneat.com from a “buy” rating to a “hold” rating and raised their price objective for the company from C$5.75 to C$6.50 in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$6.30.

kneat.com Price Performance

The business has a 50-day moving average price of C$5.58 and a 200 day moving average price of C$4.70. The company has a market cap of C$622.94 million, a price-to-earnings ratio of -81.00, a P/E/G ratio of 597.67 and a beta of 1.12. 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 (TSE:KSI) last issued its earnings results on Wednesday, May 13th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$18.00 million during the quarter. kneat.com had a negative return on equity of 12.95% and a negative net margin of 12.69%. As a group, research analysts expect that kneat.com, inc. will post -0.12 earnings per share for the current fiscal 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.