Pivotree (CVE:PVT) Reaches New 12-Month Low – What’s Next?

Pivotree Inc. (CVE:PVT) reached a new 52-week low during trading on Friday . The stock traded as low as C$0.86 and last traded at C$0.86, with a volume of 4000 shares trading hands. The stock had previously closed at C$0.90.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PVT shares. Canaccord Genuity Group lowered their target price on Pivotree from C$1.25 to C$1.00 in a research note on Thursday, November 14th. Cormark cut Pivotree from a “buy” rating to a “market perform” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Pivotree presently has an average rating of “Hold” and an average price target of C$2.38.

Pivotree Stock Down 4.4 %

The firm has a market cap of C$22.63 million, a PE ratio of -2.50 and a beta of 0.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.95 and a current ratio of 2.80. The stock has a fifty day moving average price of C$1.06 and a 200-day moving average price of C$1.22.

Pivotree Company Profile

Pivotree Inc designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers in Canada and internationally. The company offers infrastructure deployment, data transaction, subscription license, system and application triage and support, configuration management, and security services, as well as provides web and application hosting services.