Pivotree (CVE:PVT) Hits New 12-Month Low Following Analyst Downgrade

Pivotree Inc. (CVE:PVT) shares hit a new 52-week low on Thursday after Cormark downgraded the stock from a buy rating to a market perform rating. The company traded as low as C$0.90 and last traded at C$0.90, with a volume of 22825 shares changing hands. The stock had previously closed at C$1.00.

Separately, Canaccord Genuity Group dropped their price objective on Pivotree from C$1.25 to C$1.00 in a report on Thursday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$2.38.

Pivotree Stock Up 3.3 %

The stock has a market cap of C$24.47 million, a P/E ratio of -2.58 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. The business has a 50-day simple moving average of C$1.08 and a 200-day simple moving average of C$1.25.

Pivotree (CVE:PVT) last announced its earnings results on Tuesday, August 13th. The company reported C($0.12) earnings per share (EPS) for the quarter. The company had revenue of C$20.26 million for the quarter, compared to the consensus estimate of C$20.75 million. Pivotree had a negative return on equity of 17.41% and a negative net margin of 11.79%. Analysts expect that Pivotree Inc. will post 0.0800215 EPS for the current year.

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.