Pivotree (CVE:PVT) Stock Rating Lowered by Cormark

Cormark lowered shares of Pivotree (CVE:PVT) from a buy rating to a market perform rating in a research note released on Thursday, Marketbeat.com reports.

Separately, Canaccord Genuity Group reduced their price target on shares of Pivotree from C$1.25 to C$1.00 in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$2.38.

Pivotree Stock Up 3.3 %

Shares of Pivotree stock opened at C$0.93 on Thursday. Pivotree has a 1 year low of C$0.88 and a 1 year high of C$2.20. The company 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 current ratio of 2.80, a quick ratio of 1.95 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average price of C$1.08 and a 200 day moving average price of C$1.24.

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.