Redknee Solutions Inc (RKN) Stock Rating Upgraded by Royal Bank Of Canada
Redknee Solutions Inc (TSE:RKN) was upgraded by investment analysts at Royal Bank Of Canada from an “underperform” rating to a “sector perform” rating in a report released on Wednesday, StockTargetPrices.com reports. The firm currently has a C$0.75 price objective on the stock.
Several other equities analysts have also weighed in on the stock. Raymond James Financial, Inc. cut their price objective on shares of Redknee Solutions from C$1.65 to C$1.20 and set an “outperform” rating on the stock in a report on Monday, June 12th. CIBC lowered shares of Redknee Solutions from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$3.50 to C$0.85 in a report on Wednesday, May 31st.
Redknee Solutions (TSE:RKN) remained flat at $0.75 on Wednesday. The company had a trading volume of 170,103 shares. The stock’s market cap is $81.39 million. Redknee Solutions has a one year low of $0.67 and a one year high of $2.54. The firm has a 50-day moving average of $0.81 and a 200 day moving average of $0.95.
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In other Redknee Solutions news, insider Vishal Kothari sold 50,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of C$0.75, for a total value of C$37,500.00.
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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