Parkit Enterprise (OTCMKTS:PKTEF) Shares Down 26.3% – Here’s Why

Parkit Enterprise Inc. (OTCMKTS:PKTEF) fell 26.3% on Monday . The company traded as low as C$0.36 and last traded at C$0.36. 2,500 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 22,470 shares. The stock had previously closed at C$0.49.

Analyst Ratings Changes

A number of brokerages recently weighed in on PKTEF. Scotiabank reaffirmed a “sector perform” rating on shares of Parkit Enterprise in a research note on Tuesday, August 26th. Raymond James Financial reaffirmed a “market perform” rating on shares of Parkit Enterprise in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Parkit Enterprise Stock Performance

The stock’s 50 day moving average price is C$0.47 and its 200 day moving average price is C$0.40.

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.