kneat.com (TSE:KSI) Reaches New 52-Week High – Should You Buy?

kneat.com, inc. (TSE:KSI)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$6.44 and last traded at C$6.44, with a volume of 248318 shares traded. The stock had previously closed at C$6.43.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KSI shares. TD lowered kneat.com from a “buy” rating to a “sell” rating and lifted their price objective for the company from C$6.00 to C$6.50 in a research note on Tuesday, June 9th. Stifel Nicolaus cut kneat.com from a “buy” rating to a “hold” rating and raised their price target for the company from C$5.75 to C$6.50 in a report on Wednesday, June 10th. TD Securities downgraded kneat.com from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, June 9th. ATB Cormark Capital Markets boosted their price objective on kneat.com from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, Raymond James Financial decreased their price objective on shares of kneat.com from C$7.00 to C$5.50 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$6.30.

kneat.com Trading Up 0.2%

The stock has a 50 day moving average of C$5.15 and a 200 day moving average of C$4.58. The company has a debt-to-equity ratio of 42.42, a current ratio of 1.41 and a quick ratio of 1.50. The firm has a market cap of C$619.09 million, a P/E ratio of -80.50, a PEG ratio of 597.67 and a beta of 1.18.

kneat.com (TSE:KSI) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm had revenue of C$18.00 million for the quarter. kneat.com had a negative return on equity of 12.95% and a negative net margin of 12.69%. As a group, equities research analysts predict that kneat.com, inc. 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.