Pivotree (CVE:PVT) Upgraded to “Speculative Buy” at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Pivotree (CVE:PVT) from a hold rating to a speculative buy rating in a research note published on Thursday morning,BayStreet.CA reports. They currently have C$1.75 price objective on the stock, up from their prior price objective of C$1.50.

Pivotree Trading Up 0.8%

Shares of Pivotree stock opened at C$1.23 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.10 and a quick ratio of 1.95. The firm has a fifty day moving average price of C$1.13 and a 200 day moving average price of C$1.01. Pivotree has a 1 year low of C$0.73 and a 1 year high of C$1.52. The stock has a market cap of C$32.48 million, a PE ratio of -2.48 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.