kneat.com (TSE:KSI) Hits New 52-Week High – Should You Buy?

kneat.com, inc. (TSE:KSI) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$6.44 and last traded at C$6.44, with a volume of 248318 shares. The stock had previously closed at C$6.43.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Raymond James Financial reduced their price objective on kneat.com from C$7.00 to C$5.50 and set an “outperform” rating for the company in a research note on Thursday, February 26th. TD Securities lowered kneat.com from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, June 9th. TD cut kneat.com from a “buy” rating to a “sell” rating and upped their price target for the stock from C$6.00 to C$6.50 in a research note on Tuesday, June 9th. ATB Cormark Capital Markets upped their price target on kneat.com from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Finally, Stifel Nicolaus downgraded kneat.com from a “buy” rating to a “hold” rating and increased their price target for the stock from C$5.75 to C$6.50 in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$6.30.

kneat.com Stock Up 0.2%

The company has a quick ratio of 1.50, a current ratio of 1.41 and a debt-to-equity ratio of 42.42. The stock has a market capitalization of C$621.01 million, a PE ratio of -80.75, a PEG ratio of 597.67 and a beta of 1.18. The firm’s fifty day moving average is C$5.27 and its 200-day moving average is C$4.60.

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

kneat.com Company Profile

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.