Pivotree (CVE:PVT) Price Target Cut to C$3.00

Pivotree (CVE:PVT) had its price target cut by investment analysts at National Bankshares from C$3.50 to C$3.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 106.90% from the stock’s current price.

Pivotree Stock Up 1.4 %

Shares of Pivotree stock traded up C$0.02 during trading on Thursday, hitting C$1.45. 1,600 shares of the stock traded hands, compared to its average volume of 7,656. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.95 and a current ratio of 3.74. The stock has a market cap of C$38.41 million, a P/E ratio of -9.06 and a beta of 0.37. The company has a fifty day moving average price of C$1.64 and a two-hundred day moving average price of C$1.75. Pivotree has a twelve month low of C$1.31 and a twelve month high of C$3.70.

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. It operates in two segments, Professional Services and Managed Services. The company offers a combination of application support and managed hosting with digital strategy and software implementation services.