kneat.com (TSE:KSI) Trading 18.6% Higher – Here’s Why

kneat.com, inc. (TSE:KSI)’s stock price traded up 18.6% during trading on Monday . The company traded as high as C$6.43 and last traded at C$6.43. 3,722,133 shares traded hands during trading, an increase of 1,775% from the average session volume of 198,557 shares. The stock had previously closed at C$5.42.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. ATB Cormark Capital Markets boosted 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 Securities downgraded kneat.com from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday. TD downgraded kneat.com from a “buy” rating to a “sell” rating and upped their price target for the stock from C$6.00 to C$6.50 in a research note on Tuesday. Finally, Raymond James Financial cut their price objective on shares of kneat.com from C$7.00 to C$5.50 and set an “outperform” rating for the company in a report on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$6.30.

kneat.com Price Performance

The company has a quick ratio of 1.50, a current ratio of 1.41 and a debt-to-equity ratio of 42.42. The stock has a market capitalization of C$618.13 million, a P/E ratio of -80.38, a PEG ratio of 597.67 and a beta of 1.18. The company has a fifty day moving average price of C$4.64 and a 200-day moving average price of C$4.45.

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