Parkit Enterprise (CVE:PKT) Stock Price Down 3.3% – Time to Sell?

Parkit Enterprise Inc. (CVE:PKT) fell 3.3% during trading on Wednesday . The stock traded as low as C$0.58 and last traded at C$0.58. 18,000 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 149,329 shares. The stock had previously closed at C$0.60.

Parkit Enterprise Price Performance

The company has a debt-to-equity ratio of 48.28, a current ratio of 6.17 and a quick ratio of 5.35. The company’s 50 day moving average is C$0.61 and its 200 day moving average is C$0.52. The stock has a market cap of C$126.20 million, a price-to-earnings ratio of 8.29 and a beta of 1.17.

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.