Pivotree (CVE:PVT) Reaches New 52-Week Low at $1.10

Pivotree Inc. (CVE:PVT) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$1.10 and last traded at C$1.40, with a volume of 4450 shares. The stock had previously closed at C$1.20.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PVT. Cormark reduced their price objective on shares of Pivotree from C$5.00 to C$3.50 in a research report on Monday, April 1st. National Bankshares lowered shares of Pivotree from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$3.00 to C$2.00 in a research report on Monday, May 13th. Canaccord Genuity Group boosted their price objective on Pivotree from C$1.50 to C$1.70 and gave the company a “hold” rating in a research note on Monday, May 13th. Paradigm Capital lowered their target price on shares of Pivotree from C$4.25 to C$4.00 and set a “buy” rating on the stock in a research note on Monday, May 13th. Finally, National Bank Financial downgraded Pivotree from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 10th.

Pivotree Stock Up 16.7 %

The company has a market cap of C$36.83 million, a PE ratio of -3.67 and a beta of 0.26. The stock’s 50 day moving average price is C$1.49 and its 200-day moving average price is C$1.55. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.95 and a current ratio of 2.91.

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.