Parkit Enterprise (CVE:PKT) Sets New 52-Week Low - Time to Sell?

Parkit Enterprise Inc. (CVE:PKT - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as C$0.43 and last traded at C$0.43, with a volume of 8500 shares changing hands. The stock had previously closed at C$0.47.

Parkit Enterprise Trading Down 3.5 %

The firm has a market cap of C$90.83 million, a price-to-earnings ratio of -27.77 and a beta of 1.97. The company has a debt-to-equity ratio of 48.28, a current ratio of 6.17 and a quick ratio of 5.35. The business has a 50-day moving average of C$0.54 and a 200-day moving average of C$0.60.

Insider Transactions at Parkit Enterprise

In other news, insider Parkit Enterprise Inc. bought 499,500 shares of the company's stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of C$0.53 per share, with a total value of C$264,735.00. Insiders have purchased a total of 557,100 shares of company stock worth $297,222 in the last 90 days. Corporate insiders own 39.47% of the company's stock.

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.