Parkit Enterprise (CVE:PKT) Hits New 52-Week Low – Should You Sell?

Parkit Enterprise Inc. (CVE:PKT) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.39 and last traded at C$0.39, with a volume of 130200 shares. The stock had previously closed at C$0.43.

Parkit Enterprise Trading Down 8.2 %

The firm has a market cap of C$85.36 million, a P/E ratio of -26.10 and a beta of 1.97. The company has a debt-to-equity ratio of 48.28, a quick ratio of 5.35 and a current ratio of 6.17. The firm has a fifty day moving average of C$0.47 and a 200-day moving average of C$0.58.

Insider Buying and Selling at Parkit Enterprise

In other news, insider Parkit Enterprise Inc. purchased 499,500 shares of the company’s stock in a transaction on Friday, February 7th. The shares were bought at an average price of C$0.53 per share, for a total transaction of C$264,735.00. 39.47% of the stock is currently owned by company 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.