Redknee Solutions Inc (RKN) Set to Announce Earnings on Wednesday

Redknee Solutions Inc (TSE:RKN) is scheduled to be releasing its earnings data after the market closes on Wednesday, August 9th.

Redknee Solutions Inc (TSE:RKN) opened at 0.87 on Tuesday. Redknee Solutions Inc has a 52 week low of $0.73 and a 52 week high of $2.54. The company has a 50 day moving average price of $0.99 and a 200 day moving average price of $1.13. The stock’s market cap is $94.25 million.

RKN has been the subject of a number of recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of Redknee Solutions from C$1.00 to C$0.75 and set an “underperform” rating for the company in a research report on Friday, May 12th. CIBC downgraded shares of Redknee Solutions from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$3.50 to C$0.85 in a research report on Wednesday, May 31st. Finally, Raymond James Financial, Inc. dropped their target price on shares of Redknee Solutions from C$1.65 to C$1.20 and set an “outperform” rating for the company in a report on Monday, June 12th.

In other Redknee Solutions news, insider Vishal Kothari sold 60,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of C$0.76, for a total value of C$45,600.00.

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About Redknee Solutions

Redknee Solutions Inc is a Canada-based company, which offers real-time monetization and subscriber management software products, solutions and services. The Company’s solutions include Redknee Communications Suite, including Revenue Management, fourth generation (4G) Monetization, Cloud Solutions, Marketing Solutions and Customer Experience, and Redknee Connected Suite, including Energy and Utilities, Internet of Things and Retail.

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