Redknee Solutions Inc (TSE:RKN) Set to Announce Earnings on Wednesday
Redknee Solutions Inc (TSE:RKN) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 9th.
Redknee Solutions Inc (TSE:RKN) opened at 0.87 on Tuesday. The firm has a 50-day moving average of $0.99 and a 200-day moving average of $1.13. The stock’s market capitalization is $94.25 million. Redknee Solutions Inc has a one year low of $0.73 and a one year high of $2.54.
A number of analysts have recently weighed in on the stock. CIBC lowered shares of Redknee Solutions from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$3.50 to C$0.85 in a research note on Wednesday, May 31st. Royal Bank Of Canada reduced their price target on shares of Redknee Solutions from C$1.00 to C$0.75 and set an “underperform” rating for the company in a research note on Friday, May 12th. Finally, Raymond James Financial, Inc. reduced their price target on shares of Redknee Solutions from C$1.65 to C$1.20 and set an “outperform” rating for the company in a research note on Monday, June 12th.
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In related news, insider Vishal Kothari sold 60,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of C$0.76, for a total transaction of C$45,600.00.
Redknee Solutions Company Profile
Redknee Solutions Inc is a Canada-based company, which offers real-time monetization and subscriber management software products, solutions and services. The Company’s solutions include Redknee Communications Suite, including Revenue Management, fourth generation (4G) Monetization, Cloud Solutions, Marketing Solutions and Customer Experience, and Redknee Connected Suite, including Energy and Utilities, Internet of Things and Retail.
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