Parkit Enterprise (CVE:PKT) Price Target Cut to C$0.75

Parkit Enterprise (CVE:PKT - Free Report) had its price target decreased by Raymond James from C$0.85 to C$0.75 in a research report report published on Wednesday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

Parkit Enterprise Price Performance

Shares of Parkit Enterprise stock remained flat at C$0.59 on Wednesday. The company had a trading volume of 41,500 shares, compared to its average volume of 36,232. The company has a fifty day simple moving average of C$0.64 and a 200 day simple moving average of C$0.61. The company has a market capitalization of C$134.46 million, a price-to-earnings ratio of -29.50 and a beta of 2.10. Parkit Enterprise has a 12-month low of C$0.40 and a 12-month high of C$0.94. The company has a debt-to-equity ratio of 112.90, a current ratio of 4.00 and a quick ratio of 5.35.

Parkit Enterprise (CVE:PKT - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.01 by C($0.03). Parkit Enterprise had a negative return on equity of 3.31% and a negative net margin of 21.29%. The business had revenue of C$5.83 million for the quarter. Research analysts forecast that Parkit Enterprise will post 0.03 EPS for the current year.

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.