Redknee Solutions (RKN) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS
Redknee Solutions (TSE:RKN) posted its quarterly earnings results on Friday. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.10, American Banking and Market News reports.
Shares of Redknee Solutions (TSE:RKN) opened at 4.00 on Friday. Redknee Solutions has a one year low of $3.40 and a one year high of $7.82. The stock has a 50-day moving average of $5.18 and a 200-day moving average of $5.39. The company has a market cap of $435.4 million and a P/E ratio of 468.00.
Several analysts have recently commented on the stock. Analysts at CIBC cut their price target on shares of Redknee Solutions from C$6.00 to C$5.50 in a research note on Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at Clarus Securities upgraded shares of Redknee Solutions from a “speculative buy” rating to a “buy” rating in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Redknee Solutions has an average rating of “Buy” and an average target price of C$6.15.
Redknee Solutions Inc is a global provider of real-time monetization software products, solutions and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.