Pivotree (CVE:PVT) Hits New 52-Week Low – What’s Next?

Pivotree Inc. (CVE:PVT) shares hit a new 52-week low on Monday . The company traded as low as C$0.75 and last traded at C$0.75, with a volume of 128000 shares traded. The stock had previously closed at C$0.76.

Analyst Upgrades and Downgrades

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

Pivotree Price Performance

The company has a 50 day moving average of C$0.97 and a 200 day moving average of C$1.11. The stock has a market capitalization of C$20.78 million, a price-to-earnings ratio of -2.19 and a beta of 0.22. The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 0.73.

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.