Parkit Enterprise (CVE:PKT) PT Lowered to C$0.80 at Cormark

Parkit Enterprise (CVE:PKT) had its target price cut by Cormark from C$1.00 to C$0.80 in a research report sent to investors on Friday morning, BayStreet.CA reports.

PKT has been the subject of a number of other reports. Raymond James lowered shares of Parkit Enterprise from a moderate buy rating to a hold rating in a research note on Sunday, August 11th. Scotiabank decreased their price target on shares of Parkit Enterprise from C$0.75 to C$0.60 and set a sector perform rating for the company in a research report on Wednesday, August 14th.

Parkit Enterprise Trading Down 1.8 %

PKT stock opened at C$0.54 on Friday. The company has a quick ratio of 5.35, a current ratio of 4.22 and a debt-to-equity ratio of 112.98. Parkit Enterprise has a twelve month low of C$0.40 and a twelve month high of C$0.83. The stock has a market capitalization of C$122.32 million, a price-to-earnings ratio of -54.00 and a beta of 1.94. The firm’s fifty day simple moving average is C$0.53 and its two-hundred day simple moving average is C$0.59.

Insider Buying and Selling at Parkit Enterprise

In related news, insider Parkit Enterprise Inc. acquired 240,371 shares of the stock in a transaction dated Thursday, June 27th. The stock was acquired at an average cost of C$0.51 per share, with a total value of C$122,589.21. Insiders bought a total of 267,371 shares of company stock valued at $138,024 in the last three months. 38.70% of the stock is owned by corporate insiders.

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.