CIBC Reiterates C$6.00 Price Target for kneat.com (TSE:KSI)

CIBC set a C$6.00 price objective on kneat.com (TSE:KSI) in a report issued on Tuesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, Ventum Cap Mkts upgraded shares of kneat.com to a “strong-buy” rating in a research note on Wednesday, August 7th.

kneat.com Stock Performance

Shares of KSI opened at C$4.70 on Tuesday. kneat.com has a 12 month low of C$2.68 and a 12 month high of C$5.17. The stock has a fifty day moving average price of C$4.76 and a 200-day moving average price of C$4.44. The company has a current ratio of 1.47, a quick ratio of 1.50 and a debt-to-equity ratio of 95.14. The firm has a market cap of C$404.20 million, a PE ratio of -29.38, a P/E/G ratio of 597.67 and a beta of 1.08.

kneat.com (TSE:KSI) last released its quarterly earnings results on Tuesday, August 6th. The company reported C($0.04) EPS for the quarter, meeting analysts’ consensus estimates of C($0.04). kneat.com had a negative return on equity of 51.13% and a negative net margin of 31.19%. The company had revenue of C$11.68 million during the quarter, compared to analysts’ expectations of C$11.45 million. Equities research analysts predict that kneat.com will post -0.12 earnings per share for the current fiscal year.

About kneat.com

kneat.com, inc., together with its subsidiaries, designs, develops, and supplies software for data and document management within regulated environments in North America, Europe, and the Asia Pacific. The company offers the Kneat Gx platform, a configurable off-the-shelf application focused on validation lifecycle management and testing for biotechnology, pharmaceutical, and medical device manufacturing industries.