Redknee Solutions Inc (RKN) Receives Average Rating of “Hold” from Analysts
Redknee Solutions Inc (TSE:RKN) has earned an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$1.13.
Several brokerages recently commented on RKN. Royal Bank Of Canada cut Redknee Solutions from a “sector perform” rating to an “underperform” rating and dropped their price target for the stock from C$1.75 to C$1.00 in a research report on Thursday, March 30th. Raymond James Financial, Inc. dropped their price target on Redknee Solutions from C$1.95 to C$1.65 and set an “outperform” rating for the company in a research report on Friday, March 31st. Finally, CIBC cut Redknee Solutions from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from C$3.50 to C$0.85 in a research report on Wednesday, May 31st.
In other Redknee Solutions news, insider Vishal Kothari sold 60,000 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of C$0.76, for a total value of C$45,600.00.
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Redknee Solutions (TSE:RKN) traded down 0.94% during midday trading on Monday, reaching $1.05. 8,635 shares of the company traded hands. The firm has a 50-day moving average of $0.94 and a 200-day moving average of $1.16. Redknee Solutions has a 1-year low of $0.73 and a 1-year high of $2.54. The stock’s market capitalization is $113.75 million.
Redknee Solutions Company Profile
Redknee Solutions Inc is a Canada-based company, which offers real-time monetization and subscriber management software products, solutions and services. The Company’s solutions include Redknee Communications Suite, including Revenue Management, fourth generation (4G) Monetization, Cloud Solutions, Marketing Solutions and Customer Experience, and Redknee Connected Suite, including Energy and Utilities, Internet of Things and Retail.
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