Parkit Enterprise (CVE:PKT) Price Target Cut to C$0.75 by Analysts at Raymond James

Parkit Enterprise (CVE:PKT) had its price target cut by Raymond James from C$0.85 to C$0.75 in a report issued on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Parkit Enterprise Price Performance

Shares of PKT stock opened at C$0.59 on Wednesday. Parkit Enterprise has a 12-month low of C$0.40 and a 12-month high of C$0.94. The firm has a market capitalization of C$134.46 million, a price-to-earnings ratio of -29.50 and a beta of 2.10. The company has a quick ratio of 5.35, a current ratio of 4.00 and a debt-to-equity ratio of 112.90. The firm has a fifty day moving average of C$0.64 and a 200-day moving average of C$0.61.

Parkit Enterprise (CVE:PKT) last announced its quarterly earnings results on Thursday, March 7th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.01 by C($0.03). Parkit Enterprise had a negative net margin of 21.29% and a negative return on equity of 3.31%. The firm had revenue of C$5.83 million during the quarter. On average, equities research analysts forecast that Parkit Enterprise will post 0.03 earnings per share for the current year.

About Parkit Enterprise

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. The firm has parking assets across various markets in the United States of America. The firm seeks to invest in the United States.