Parkit Enterprise (CVE:PKT) PT Lowered to C$0.75 at Raymond James

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

Parkit Enterprise Trading Up 5.1 %

Shares of Parkit Enterprise stock opened at C$0.62 on Wednesday. The firm has a market capitalization of C$141.29 million, a PE ratio of -31.00 and a beta of 2.10. The company has a debt-to-equity ratio of 112.90, a current ratio of 4.00 and a quick ratio of 5.35. The company’s fifty day moving average price is C$0.64 and its two-hundred day moving average price is C$0.61. Parkit Enterprise has a 52-week low of C$0.40 and a 52-week high of C$0.94.

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). The business had revenue of C$5.83 million during the quarter. Parkit Enterprise had a negative net margin of 21.29% and a negative return on equity of 3.31%. On average, analysts expect that Parkit Enterprise will post 0.03 EPS 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.