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Redknee Solutions (TSE:RKN)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Friday. They currently have a C$6.00 price objective on the stock, down from their previous price objective of C$7.25. Canaccord Genuity’s price objective points to a potential upside of 50.00% from the company’s current price.

RKN has been the subject of a number of other recent research reports. 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 stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$5.83.

Shares of Redknee Solutions (TSE:RKN) traded down 5.37% during mid-day trading on Friday, hitting $3.785. The stock had a trading volume of 301,232 shares. Redknee Solutions has a one year low of $3.40 and a one year high of $7.82. The stock’s 50-day moving average is $5.18 and its 200-day moving average is $5.39. The company has a market cap of $412.2 million and a P/E ratio of 400.00.

Redknee Solutions (TSE:RKN) last issued its quarterly earnings data on Friday, August 8th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.10. On average, analysts predict that Redknee Solutions will post $0.06 earnings per share for the current fiscal year.

Redknee Solutions Inc is a global provider of real-time monetization software products, solutions and services.

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