Pivotree (CVE:PVT) PT Lowered to C$2.50

Pivotree (CVE:PVT) had its price target decreased by research analysts at Cormark from C$3.50 to C$2.50 in a research note issued on Wednesday, BayStreet.CA reports. Cormark’s target price would suggest a potential upside of 100.00% from the stock’s current price.

Several other equities analysts have also weighed in on PVT. Paradigm Capital reduced their price objective on 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. National Bank Financial lowered Pivotree from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 10th. National Bankshares lowered Pivotree from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$3.00 to C$2.00 in a research report on Monday, May 13th. Finally, Canaccord Genuity Group boosted their price target on Pivotree from C$1.50 to C$1.70 and gave the stock a “hold” rating in a research report on Monday, May 13th.

Pivotree Trading Down 0.8 %

Shares of CVE PVT traded down C$0.01 during midday trading on Wednesday, hitting C$1.25. The stock had a trading volume of 200 shares, compared to its average volume of 8,491. The company has a market capitalization of C$32.89 million, a price-to-earnings ratio of -4.17 and a beta of 0.26. Pivotree has a 1-year low of C$1.10 and a 1-year high of C$2.20. The company has a quick ratio of 1.95, a current ratio of 2.91 and a debt-to-equity ratio of 1.38. The company has a fifty day moving average price of C$1.26 and a 200 day moving average price of C$1.49.

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. 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.