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

Pivotree Inc. (CVE:PVT) shares hit a new 52-week low on Monday . The stock traded as low as C$0.77 and last traded at C$0.77, with a volume of 1100 shares changing hands. The stock had previously closed at C$0.80.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group lowered their price target on Pivotree from C$1.25 to C$1.00 in a report on Thursday, November 14th. Cormark cut shares of Pivotree from a “buy” rating to a “market perform” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$2.38.

Pivotree Trading Down 1.3 %

The company has a market cap of C$19.73 million, a PE ratio of -2.11 and a beta of 0.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.80 and a quick ratio of 1.95. The company has a 50-day moving average of C$1.00 and a 200 day moving average of C$1.14.

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.