Parkit Enterprise Inc. (CVE:PKT) Director Sells C$40,200.00 in Stock

Parkit Enterprise Inc. (CVE:PKT) Director Robert Blair Tamblyn sold 60,000 shares of Parkit Enterprise stock in a transaction dated Friday, October 11th. The shares were sold at an average price of C$0.67, for a total value of C$40,200.00.

Parkit Enterprise Stock Performance

Parkit Enterprise stock opened at C$0.68 on Thursday. The stock’s 50 day moving average price is C$0.61 and its 200 day moving average price is C$0.58. The firm has a market capitalization of C$151.93 million, a PE ratio of -34.00 and a beta of 1.97. The company has a debt-to-equity ratio of 116.60, a quick ratio of 5.35 and a current ratio of 2.95. Parkit Enterprise Inc. has a one year low of C$0.40 and a one year high of C$0.83.

Analysts Set New Price Targets

Several research firms have recently weighed in on PKT. Raymond James lowered Parkit Enterprise from a “moderate buy” rating to a “hold” rating in a research note on Sunday, August 11th. Cormark reduced their price target on Parkit Enterprise from C$1.00 to C$0.80 in a research report on Friday, August 16th. Finally, Scotiabank reduced their price target on Parkit Enterprise from C$0.75 to C$0.60 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th.

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.