Kits Eyecare Ltd (TSE:KITS - Get Free Report) insider Joseph Thompson sold 75,000 shares of the firm's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of C$13.65, for a total value of C$1,023,750.00. Following the completion of the sale, the insider directly owned 960,114 shares in the company, valued at approximately C$13,105,556.10. This represents a 7.25% decrease in their position.
Kits Eyecare Stock Performance
Shares of KITS stock opened at C$14.67 on Friday. The firm has a fifty day simple moving average of C$13.56. The firm has a market cap of C$498.71 million, a P/E ratio of 146.70 and a beta of 0.11. Kits Eyecare Ltd has a fifty-two week low of C$10.61 and a fifty-two week high of C$22.56.
Kits Eyecare (TSE:KITS - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported C$0.06 earnings per share for the quarter. The business had revenue of C$57.47 million during the quarter.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on KITS shares. Stifel Nicolaus reduced their target price on Kits Eyecare from C$24.00 to C$21.00 and set a "buy" rating on the stock in a report on Thursday, May 7th. ATB Cormark Capital Markets reduced their target price on Kits Eyecare from C$20.00 to C$16.75 and set a "speculative buy" rating on the stock in a report on Thursday, May 7th. Canaccord Genuity Group reduced their target price on Kits Eyecare from C$23.00 to C$22.00 and set a "buy" rating on the stock in a report on Thursday, May 7th. Finally, Desjardins dropped their price target on Kits Eyecare from C$25.00 to C$23.00 and set a "buy" rating for the company in a research note on Thursday, May 7th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kits Eyecare has a consensus rating of "Buy" and an average target price of C$20.69.
Get Our Latest Analysis on KITS
About Kits Eyecare
(
Get Free Report)
KITS (TSX: KITS) is one of the world's fastest growing eyecare providers, offering high-quality, affordable prescription glasses and contact lenses through its vertically integrated digital platform. With advanced in-house lens manufacturing, an industry-leading digital fit experience powered by OpticianAI, and thousands of 5-star customer reviews, KITS is redefining how Canadians experience eyecare. Designed in Canada. Delivered worldwide.
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