D. Boral Capital Lowers Pineapple Financial (NYSEAMERICAN:PAPL) Price Target to $5.00

Pineapple Financial (NYSEAMERICAN:PAPL) had its price target reduced by D. Boral Capital from $5.50 to $5.00 in a research note released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Pineapple Financial Stock Performance

Shares of NYSEAMERICAN PAPL opened at $0.48 on Monday. Pineapple Financial has a 52 week low of $0.41 and a 52 week high of $2.14. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.45.

Institutional Investors Weigh In On Pineapple Financial

A hedge fund recently bought a new stake in Pineapple Financial stock. Total Investment Management Inc. purchased a new position in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned approximately 0.52% of Pineapple Financial at the end of the most recent quarter. Hedge funds and other institutional investors own 0.25% of the company’s stock.

Pineapple Financial Company Profile

Pineapple Financial Inc operates as a mortgage technology and brokerage company in Canada. The company provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers; and mortgage consultation services through field agents. It also operates MyPineapple, a technology platform that allows users to conduct their brokerage services.