Pivotree (CVE:PVT) Stock Rating Lowered by Cormark

Pivotree (CVE:PVT) was downgraded by Cormark from a “buy” rating to a “market perform” rating in a research report issued to clients and investors on Thursday,BayStreet.CA reports.

Separately, Canaccord Genuity Group lowered their price target on 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$2.38.

Pivotree Trading Down 10.0 %

CVE PVT traded down C$0.10 on Thursday, reaching C$0.90. The company had a trading volume of 45,925 shares, compared to its average volume of 7,694. 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 has a 52 week low of C$0.90 and a 52 week high of C$2.20. The stock’s 50 day moving average is C$1.10 and its 200-day moving average is C$1.26. The stock has a market cap of C$23.68 million, a price-to-earnings ratio of -2.50 and a beta of 0.22.

Pivotree (CVE:PVT) last released its earnings results on Tuesday, August 13th. The company reported C($0.12) earnings per share for the quarter. Pivotree had a negative net margin of 11.79% and a negative return on equity of 17.41%. The firm had revenue of C$20.26 million during the quarter, compared to the consensus estimate of C$20.75 million. Equities analysts predict that Pivotree will post 0.0800215 earnings per share for the current year.

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.