Parkit Enterprise (CVE:PKT) Reaches New 12-Month High – Still a Buy?

Parkit Enterprise Inc. (CVE:PKT)’s share price reached a new 52-week high on Monday . The company traded as high as C$9.98 and last traded at C$9.98, with a volume of 406 shares traded. The stock had previously closed at C$9.00.

Analysts Set New Price Targets

Separately, Scotiabank raised Parkit Enterprise to a “hold” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Parkit Enterprise presently has a consensus rating of “Hold”.

Parkit Enterprise Trading Up 10.9%

The company has a quick ratio of 5.35, a current ratio of 2.22 and a debt-to-equity ratio of 87.04. The company’s fifty day moving average price is C$0.60 and its two-hundred day moving average price is C$0.60. The firm has a market cap of C$138.41 million, a PE ratio of 5.54 and a beta of 2.27.

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. Parkit Enterprise Inc was incorporated in 2006 and is headquartered in Vancouver, Canada, with an additional office in Ottawa, Canada.