Pivotree (CVE:PVT) Hits New 12-Month Low – Here’s Why

Pivotree Inc. (CVE:PVT) shares reached a new 52-week low on Thursday . The stock traded as low as C$0.80 and last traded at C$0.82, with a volume of 4800 shares. The stock had previously closed at C$0.83.

Wall Street Analyst Weigh In

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

Pivotree Price Performance

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 company’s fifty day moving average price is C$1.04 and its 200 day moving average price is C$1.19. The firm has a market capitalization of C$21.57 million, a price-to-earnings ratio of -2.31 and a beta of 0.22.

About Pivotree

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.