kneat.com (TSE:KSI) Hits New 52-Week Low - Time to Sell?

Key Points

• 52-week low: kneat.com fell to a new 52-week low of C$3.30 (last C$3.31) on Friday with 83,177 shares traded, down from a prior close of C$3.46.
• Analyst outlook: MarketBeat shows a consensus Buy rating with an average price target of C$6.00, though Raymond James cut its target to C$5.50 while TD Securities upgraded to a strong-buy.
• Weak fundamentals: The company reported C($0.03) EPS for the quarter, has negative margins and ROE, analysts forecast -0.12 EPS for the year, and the stock trades below its 50- and 200-day moving averages (C$4.07 and C$4.74).

kneat.com, inc. (TSE:KSI - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$3.30 and last traded at C$3.31, with a volume of 83177 shares traded. The stock had previously closed at C$3.46.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KSI shares. Raymond James Financial reduced their price target on kneat.com from C$7.00 to C$5.50 and set an "outperform" rating for the company in a research report on Thursday, February 26th. TD Securities upgraded shares of kneat.com to a "strong-buy" rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, kneat.com has a consensus rating of "Buy" and an average price target of C$6.00.

kneat.com Stock Performance

The company has a quick ratio of 1.50, a current ratio of 1.82 and a debt-to-equity ratio of 53.89. The stock's fifty day moving average is C$4.07 and its two-hundred day moving average is C$4.74. The firm has a market capitalization of C$316.10 million, a price-to-earnings ratio of -165.00, a P/E/G ratio of 597.67 and a beta of 0.66.

kneat.com (TSE:KSI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported C($0.03) EPS for the quarter. kneat.com had a negative net margin of 3.71% and a negative return on equity of 3.55%. The firm had revenue of C$17.00 million during the quarter. On average, analysts predict that kneat.com, inc. will post -0.12 earnings per share for the current year.

kneat.com Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.