Pivotree (CVE:PVT) Hits New 1-Year Low After Analyst Downgrade

Pivotree Inc. (CVE:PVT)’s share price hit a new 52-week low during trading 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. The stock had previously closed at C$1.00.

Separately, Canaccord Genuity Group reduced their price objective on Pivotree from C$1.25 to C$1.00 in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$2.38.

Pivotree Stock Down 10.0 %

The stock has a market cap of C$23.68 million, a P/E ratio of -2.53 and a beta of 0.22. The company’s 50 day moving average price is C$1.10 and its two-hundred day moving average price is C$1.26. The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 0.73.

Pivotree (CVE:PVT) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C($0.12) earnings per share (EPS) for the quarter. The business had revenue of C$20.26 million for the quarter, compared to analysts’ expectations of C$20.75 million. Pivotree had a negative net margin of 11.79% and a negative return on equity of 17.41%. As a group, research analysts expect that Pivotree Inc. will post 0.0800215 earnings per share 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.