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

kneat.com, inc. (TSE:KSI)’s share price reached a new 52-week high on Monday . The stock 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.

Analysts Set New Price Targets

A number of equities analysts recently commented on KSI shares. TD Securities lowered shares of kneat.com from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Stifel Nicolaus downgraded shares of kneat.com from a “buy” rating to a “hold” rating and boosted their target price for the company from C$5.75 to C$6.50 in a research note on Wednesday, June 10th. ATB Cormark Capital Markets increased their target price on kneat.com from C$6.00 to C$7.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, TD cut kneat.com from a “buy” rating to a “sell” rating and raised their target price for the stock from C$6.00 to C$6.50 in a research report on Tuesday, June 9th. Two equities 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 MarketBeat, kneat.com has an average rating of “Hold” and a consensus price target of C$6.30.

kneat.com Stock Up 0.2%

The business has a fifty day moving average price of C$5.58 and a two-hundred day moving average price of C$4.70. The company has a current ratio of 1.41, a quick ratio of 1.50 and a debt-to-equity ratio of 42.42. 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.

kneat.com (TSE:KSI) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C($0.04) EPS for the quarter. kneat.com had a negative return on equity of 12.95% and a negative net margin of 12.69%.The company had revenue of C$18.00 million for the quarter. On average, equities analysts predict that kneat.com, inc. will post -0.12 earnings per share for the current 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.