Parkit Enterprise (CVE:PKT) Shares Down 4.5% – Should You Sell?

Shares of Parkit Enterprise Inc. (CVE:PKTGet Free Report) fell 4.5% during trading on Tuesday . The company traded as low as C$0.64 and last traded at C$0.64. 1,000 shares were traded during trading, a decline of 98% from the average session volume of 50,050 shares. The stock had previously closed at C$0.67.

Analysts Set New Price Targets

Several research analysts have issued reports on PKT shares. Cormark cut their price target on shares of Parkit Enterprise from C$1.00 to C$0.80 in a report on Friday, August 16th. Raymond James lowered shares of Parkit Enterprise from a “moderate buy” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, Scotiabank lowered their price target on Parkit Enterprise from C$0.75 to C$0.60 and set a “sector perform” rating for the company in a report on Wednesday, August 14th.

Read Our Latest Report on Parkit Enterprise

Parkit Enterprise Trading Down 4.5 %

The company has a current ratio of 2.95, a quick ratio of 5.35 and a debt-to-equity ratio of 116.60. The stock has a 50-day simple moving average of C$0.64 and a 200 day simple moving average of C$0.59. The company has a market cap of C$142.99 million, a price-to-earnings ratio of -32.00 and a beta of 1.97.

Insider Buying and Selling

In related news, Director Robert Blair Tamblyn sold 60,000 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$0.67, for a total value of C$40,200.00. In related news, Director Bradley Roy Dunkley purchased 1,000,000 shares of Parkit Enterprise stock in a transaction that occurred on Tuesday, October 1st. The stock was bought at an average cost of C$0.70 per share, for a total transaction of C$699,800.00. Also, Director Robert Blair Tamblyn sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$0.67, for a total value of C$40,200.00. Insiders bought 1,036,000 shares of company stock valued at $723,080 over the last quarter. 39.47% of the stock is currently owned by company insiders.

Parkit Enterprise Company Profile

(Get Free Report)

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.

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