kneat.com (TSE:KSI) Shares Down 10.4% Following Analyst Downgrade

kneat.com, inc. (TSE:KSI) was down 10.4% during trading on Wednesday after Raymond James Financial lowered their price target on the stock from C$7.50 to C$7.00. Raymond James Financial currently has an outperform rating on the stock. kneat.com traded as low as C$5.17 and last traded at C$5.37. Approximately 345,481 shares traded hands during mid-day trading, an increase of 302% from the average daily volume of 85,873 shares. The stock had previously closed at C$5.99.

kneat.com Stock Performance

The firm has a market capitalization of C$523.61 million, a P/E ratio of -60.49, a price-to-earnings-growth ratio of 597.67 and a beta of 1.08. The company has a current ratio of 1.43, a quick ratio of 1.50 and a debt-to-equity ratio of 85.50. The business’s 50 day simple moving average is C$6.05 and its two-hundred day simple moving average is C$6.27.

About kneat.com

kneat.com Inc is in the business of developing and marketing a software application for modelling regulated data-intensive processes for regulated industries, focusing on the life sciences industry. The company has developed Kneat Gx solution which provides management real-time visibility and control and increases product, quality, and compliance.