Redknee Solutions Inc Stock Is Crashing Now


 Redknee Solutions Inc Stock Is Crashing Now

The stock of Redknee Solutions Inc (TSE:RKN) is a huge mover today! About 49,850 shares traded hands. Redknee Solutions Inc (TSE:RKN) has risen 15.68% since March 11, 2016 and is uptrending. It has outperformed by 10.19% the S&P500.
The move comes after 5 months negative chart setup for the $222.01 million company. It was reported on Oct, 18 by We have $1.86 PT which if reached, will make TSE:RKN worth $22.20 million less.

Redknee Solutions Inc (TSE:RKN) Ratings Coverage

Out of 5 analysts covering Redknee Solutions Inc. (TSE:RKN), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. $6 is the highest target while $5.50 is the lowest. The $5.75 average target is 177.78% above today’s ($2.07) stock price. Redknee Solutions Inc. has been the topic of 8 analyst reports since October 5, 2015 according to StockzIntelligence Inc. RBC Capital Markets downgraded the shares of RKN in a report on Friday, February 12 to “Sector Perform” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, October 16. The stock of Redknee Solutions Inc (TSE:RKN) has “Outperform” rating given on Monday, November 30 by RBC Capital Markets. The stock of Redknee Solutions Inc (TSE:RKN) has “Hold” rating given on Friday, February 12 by Canaccord Genuity. On Thursday, February 11 the stock rating was downgraded by Raymond James to “Market Perform”. The stock of Redknee Solutions Inc (TSE:RKN) has “Neutral” rating given on Thursday, February 11 by Dundee Securities.

More important recent Redknee Solutions Inc (TSE:RKN) news were published by: which released: “Crescendo Partners Sends Letter to Redknee Solutions Inc. Board of Directors” on August 11, 2016, also published article titled: “Analyst: Redknee Solutions “Likely” Acquisition Target”, published: “Redknee Solutions Reports Fiscal Third Quarter 2014 Results” on August 06, 2014. More interesting news about Redknee Solutions Inc (TSE:RKN) was released by: and their article: “Redknee Solutions’ (RKNEF) CEO Lucas Skoczkowski on Q1 2016 Results – Earnings …” with publication date: February 11, 2016.

Redknee Solutions Inc. is a Canada-based company, which offers real-time monetization and subscriber management software products, solutions and services. The company has a market cap of $222.01 million. The Company’s solutions include Redknee Communications Suite, including Revenue Management, fourth generation Monetization, Cloud Solutions, Marketing Solutions and Customer Experience, and Redknee Connected Suite, including Energy and Utilities, Internet of Things and Retail. It currently has negative earnings. The Company’s products include Redknee Unified, Redknee Turnkey Converged Billing (TCB), Redknee Policy Control Server (PCS), Redknee InBill and Redknee Railway.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply