Parkit Enterprise (CVE:PKT) Stock Price Down 1%

Parkit Enterprise Inc. (CVE:PKTGet Rating) shares dropped 1% during trading on Tuesday . The company traded as low as C$1.00 and last traded at C$1.04. Approximately 22,815 shares changed hands during trading, a decline of 81% from the average daily volume of 120,565 shares. The stock had previously closed at C$1.05.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Cormark cut their price target on Parkit Enterprise from C$1.60 to C$1.30 in a report on Wednesday, August 10th. Scotiabank cut their price target on Parkit Enterprise from C$1.30 to C$1.10 in a report on Friday, November 18th. Finally, Raymond James boosted their price target on Parkit Enterprise from C$1.10 to C$1.15 and gave the stock a “market perform” rating in a report on Wednesday, November 16th.

Parkit Enterprise Stock Performance

The company has a market capitalization of C$236.20 million and a price-to-earnings ratio of -71.43. The stock has a fifty day moving average price of C$1.00 and a two-hundred day moving average price of C$1.00. The company has a quick ratio of 6.60, a current ratio of 6.94 and a debt-to-equity ratio of 40.27.

Insider Activity at Parkit Enterprise

In other Parkit Enterprise news, insider Parkit Enterprise Inc. bought 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was purchased at an average cost of C$0.96 per share, for a total transaction of C$57,498.00. Following the completion of the purchase, the insider now owns 207,000 shares of the company’s stock, valued at approximately C$198,368.10. Over the last ninety days, insiders acquired 3,182,000 shares of company stock worth $3,023,996.

Parkit Enterprise Company Profile

(Get Rating)

Parkit Enterprise Inc is a real estate investment firm specializing in acquisition and operation of income-producing parking facilities. The firm seeks to invest in the United States. Parkit Enterprise Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.

Further Reading

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