kneat.com (TSE:KSI) Sets New 52-Week Low – Here’s What Happened

kneat.com, inc. (TSE:KSI)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as C$4.01 and last traded at C$4.05, with a volume of 124902 shares trading hands. The stock had previously closed at C$4.27.

Analyst Upgrades and Downgrades

KSI has been the subject of several recent research reports. Stifel Nicolaus lowered their price objective on kneat.com from C$7.50 to C$6.50 and set a “buy” rating for the company in a research note on Wednesday, November 26th. TD Securities upgraded shares of kneat.com to a “strong-buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, kneat.com presently has a consensus rating of “Buy” and an average price target of C$6.50.

kneat.com Stock Performance

The stock has a 50 day moving average of C$4.71 and a 200 day moving average of C$5.17. The company has a market capitalization of C$386.11 million, a price-to-earnings ratio of -202.50, a price-to-earnings-growth ratio of 597.67 and a beta of 0.91. The company has a quick ratio of 1.50, a current ratio of 1.43 and a debt-to-equity ratio of 85.50.

kneat.com (TSE:KSI) last released its earnings results on Wednesday, November 12th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$16.11 million for the quarter. kneat.com had a negative net margin of 17.59% and a negative return on equity of 29.61%. As a group, analysts predict that kneat.com, inc. will post -0.12 EPS for the current year.

Insider Buying and Selling

In other news, insider Dave O’reilly purchased 6,654 shares of the business’s stock in a transaction on Monday, November 17th. The shares were acquired at an average price of C$4.13 per share, with a total value of C$27,481.02. Following the completion of the transaction, the insider owned 6,654 shares of the company’s stock, valued at C$27,481.02. The trade was a ∞ increase in their position. Company insiders own 25.96% of the company’s stock.

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.