kneat.com (TSE:KSI) Reaches New 12-Month High – Still a Buy?

kneat.com, inc. (TSE:KSI) hit a new 52-week high on Thursday . The company traded as high as C$6.50 and last traded at C$6.50, with a volume of 103116 shares traded. The stock had previously closed at C$6.50.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KSI. TD Securities lowered shares of kneat.com from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Stifel Nicolaus lowered kneat.com from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$5.75 to C$6.50 in a report on Wednesday, June 10th. TD cut kneat.com from a “buy” rating to a “sell” rating and upped their price objective for the company from C$6.00 to C$6.50 in a research report on Tuesday, June 9th. Finally, ATB Cormark Capital Markets upped their price objective on kneat.com from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$6.30.

kneat.com Price Performance

The company has a market capitalization of C$627.72 million, a PE ratio of -81.25, a P/E/G ratio of 597.67 and a beta of 1.11. The company has a debt-to-equity ratio of 42.42, a current ratio of 1.41 and a quick ratio of 1.50. The company has a 50-day moving average of C$6.46 and a two-hundred day moving average of C$5.05.

kneat.com (TSE:KSI) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C($0.04) EPS for the quarter. kneat.com had a negative return on equity of 12.95% and a negative net margin of 12.69%.The company had revenue of C$18.00 million during the quarter. Sell-side analysts anticipate that kneat.com, inc. will post -0.12 earnings per share for the current fiscal year.

About kneat.com

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.