Parkit Enterprise (CVE:PKT) Price Target Cut to C$0.75

Parkit Enterprise (CVE:PKT) had its price objective lowered by Raymond James from C$0.85 to C$0.75 in a research report released on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Parkit Enterprise Price Performance

Shares of CVE:PKT opened at C$0.59 on Wednesday. The company has a market cap of C$134.46 million, a price-to-earnings ratio of -29.50 and a beta of 2.10. The company has a debt-to-equity ratio of 112.90, a current ratio of 4.00 and a quick ratio of 5.35. The firm has a 50 day simple moving average of C$0.64 and a 200 day simple moving average of C$0.61. Parkit Enterprise has a one year low of C$0.40 and a one year high of C$0.94.

Parkit Enterprise (CVE:PKT) last issued its quarterly earnings data on Thursday, March 7th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.01 by C($0.03). The company had revenue of C$5.83 million during the quarter. Parkit Enterprise had a negative net margin of 21.29% and a negative return on equity of 3.31%. Research analysts predict that Parkit Enterprise will post 0.03 earnings per share for the current fiscal year.

Parkit Enterprise Company Profile

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. The firm has parking assets across various markets in the United States of America. The firm seeks to invest in the United States.