kneat.com (TSE:KSI) Stock Price Up 0.2% - Should You Buy?

Key Points

• Shares of kneat.com (TSE:KSI) rose by 0.2%, closing at C$5.51 with a trading volume significantly above its daily average.
• Raymond James Financial has revised their target price for kneat.com from C$7.50 to C$7.00 while maintaining an "outperform" rating.
• The company specializes in developing software for regulated data-intensive processes in the life sciences sector, enhancing management visibility and compliance.

Shares of kneat.com, inc. (TSE:KSI - Get Free Report) rose 0.2% during mid-day trading on Tuesday . The company traded as high as C$5.57 and last traded at C$5.51. Approximately 128,235 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 101,121 shares. The stock had previously closed at C$5.50.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reduced their target price on kneat.com from C$7.50 to C$7.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$6.50.

kneat.com Stock Up 0.2%

The company has a quick ratio of 1.50, a current ratio of 1.43 and a debt-to-equity ratio of 85.50. The stock has a 50-day simple moving average of C$5.60 and a two-hundred day simple moving average of C$6.01. The firm has a market cap of C$523.55 million, a PE ratio of 551.00, a P/E/G ratio of 597.67 and a beta of 1.36.

About kneat.com

kneat.com Inc is in the business of developing and marketing a software application for modelling regulated data-intensive processes for regulated industries, focusing on the life sciences industry. The company has developed Kneat Gx solution which provides management real-time visibility and control and increases product, quality, and compliance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.