Parkit Enterprise (CVE:PKT) Insider Purchases C$88,911.00 in Stock

Parkit Enterprise Inc. (CVE:PKT) insider Parkit Enterprise Inc. purchased 11,100 shares of the stock in a transaction dated Wednesday, September 30th. The shares were acquired at an average price of C$8.01 per share, with a total value of C$88,911.00. Following the transaction, the insider owned 11,100 shares in the company, valued at C$88,911. This trade represents a ∞ increase in their ownership of the stock.

Parkit Enterprise Inc. also recently made the following trade(s):

• On Monday, September 28th, Parkit Enterprise Inc. bought 1,300 shares of Parkit Enterprise stock. The shares were acquired at an average cost of C$8.01 per share, with a total value of C$10,413.00.

Parkit Enterprise Stock Performance

Shares of Parkit Enterprise stock remained flat at C$8.25 during trading on Friday. The company had a trading volume of 1,400 shares, compared to its average volume of 2,747. Parkit Enterprise Inc. has a twelve month low of C$7.35 and a twelve month high of C$10.00. The stock has a fifty day moving average price of C$8.49. The stock has a market capitalization of C$114.10 million, a PE ratio of 8.09 and a beta of 2.19.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial increased their target price on shares of Parkit Enterprise from C$10.50 to C$11.00 and gave the stock a “market perform” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$11.00.

Parkit Enterprise Inc is a Canadian company focused on the ownership and operation of parking assets and related real estate. The company’s business is centered on acquiring, managing, and optimizing parking facilities, with an emphasis on generating revenue from parking operations and associated property uses.

As a real estate-focused operator, Parkit Enterprise’s activities are tied to urban and commercial parking demand in Canada and may include surface lots, parking structures, and other parking-related properties.