kneat.com (TSE:KSI) Rating Lowered to “Hold” at Stifel Nicolaus

kneat.com (TSE:KSI) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Wednesday,BayStreet.CA reports. They currently have a C$6.50 target price on the stock, up from their prior target price of C$5.75. Stifel Nicolaus’ price target suggests a potential upside of 1.09% from the stock’s previous close.

A number of other research firms also recently commented on KSI. TD downgraded kneat.com from a “buy” rating to a “sell” rating and raised their price objective for the stock from C$6.00 to C$6.50 in a report on Tuesday. ATB Cormark Capital Markets raised 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. TD Securities downgraded kneat.com from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday. Finally, Raymond James Financial cut their price objective on kneat.com from C$7.00 to C$5.50 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$6.30.

kneat.com Stock Performance

TSE KSI remained flat at C$6.43 during trading hours on Wednesday. The company had a trading volume of 1,051,600 shares, compared to its average volume of 219,069. The stock has a 50-day simple moving average of C$4.64 and a 200 day simple moving average of C$4.45. The firm has a market capitalization of C$618.13 million, a price-to-earnings ratio of -80.38, a P/E/G ratio of 597.67 and a beta of 1.18. The company has a quick ratio of 1.50, a current ratio of 1.41 and a debt-to-equity ratio of 42.42. kneat.com has a 1 year low of C$3.23 and a 1 year high of C$6.73.

kneat.com (TSE:KSI) last released its quarterly earnings data on Wednesday, May 13th. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$18.00 million during 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 anticipate that kneat.com will post -0.12 EPS for the current fiscal 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.