Insider Selling: Parkit Enterprise Inc. (CVE:PKT) Director Sells 20,000 Shares of Stock

Parkit Enterprise Inc. (CVE:PKT) Director Robert Blair Tamblyn sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$0.62, for a total value of C$12,400.00.

Robert Blair Tamblyn also recently made the following trade(s):

• On Friday, October 11th, Robert Blair Tamblyn sold 60,000 shares of Parkit Enterprise stock. The shares were sold at an average price of C$0.67, for a total value of C$40,200.00.

Parkit Enterprise Stock Up 3.2 %

CVE:PKT opened at C$0.64 on Friday. The firm has a market capitalization of C$142.99 million, a PE ratio of -32.00 and a beta of 1.97. The stock has a 50 day moving average of C$0.66 and a 200-day moving average of C$0.59. Parkit Enterprise Inc. has a 52 week low of C$0.47 and a 52 week high of C$0.83. The company has a current ratio of 2.95, a quick ratio of 5.35 and a debt-to-equity ratio of 116.60.

Wall Street Analyst Weigh In

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

Parkit Enterprise Company Profile

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.