kneat.com (TSE:KSI) Downgraded to “Strong Sell” Rating by TD Securities

TD Securities downgraded shares of kneat.com (TSE:KSI) from a strong-buy rating to a strong sell rating in a report released on Tuesday,Zacks.com reports.

Several other research firms have also recently issued reports on KSI. TD cut kneat.com from a “buy” rating to a “sell” rating and increased their price objective for the stock from C$6.00 to C$6.50 in a research report on Tuesday. ATB Cormark Capital Markets increased their price objective on 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. Finally, Raymond James Financial cut their price objective on kneat.com from C$7.00 to C$5.50 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, kneat.com presently has an average rating of “Hold” and an average target price of C$6.30.

kneat.com Stock Performance

TSE:KSI opened at C$6.43 on Tuesday. The stock has a fifty day moving average price of C$4.64 and a two-hundred day moving average price of C$4.45. The stock has a market capitalization of C$618.13 million, a price-to-earnings ratio of -80.38, a PEG ratio of 597.67 and a beta of 1.18. The company has a debt-to-equity ratio of 42.42, a quick ratio of 1.50 and a current ratio of 1.41. kneat.com has a 1 year low of C$3.23 and a 1 year high of C$6.73.

kneat.com (TSE:KSI) last released its quarterly earnings data on Wednesday, May 13th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business 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, sell-side analysts anticipate that kneat.com will post -0.12 earnings per share for the current fiscal year.

kneat.com Company Profile

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.