Raymond James Financial Cuts kneat.com (TSE:KSI) Price Target to C$5.50

kneat.com (TSE:KSI) had its target price trimmed by Raymond James Financial from C$7.00 to C$5.50 in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts also recently commented on the stock. TD Securities raised shares of kneat.com to a “strong-buy” rating in a research note on Wednesday, February 4th. Stifel Nicolaus lowered their price target on shares of kneat.com from C$7.50 to C$6.50 and set a “buy” rating on the stock in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$6.00.

kneat.com Price Performance

Shares of kneat.com stock opened at C$4.07 on Thursday. kneat.com has a 52-week low of C$3.92 and a 52-week high of C$7.15. The company has a debt-to-equity ratio of 85.50, a quick ratio of 1.50 and a current ratio of 1.43. The company has a fifty day moving average of C$4.55 and a 200-day moving average of C$4.97. The stock has a market capitalization of C$388.02 million, a price-to-earnings ratio of -203.50, a price-to-earnings-growth ratio of 597.67 and a beta of 0.91.

kneat.com (TSE:KSI) last released its earnings results on Wednesday, February 25th. The company reported C($0.03) earnings per share for the quarter. kneat.com had a negative net margin of 17.59% and a negative return on equity of 29.61%. The company had revenue of C$17.00 million for the quarter. Equities research analysts expect that kneat.com will post -0.12 EPS for the current year.

About kneat.com

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.