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

Pivotree Inc. (CVE:PVT)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.75 and last traded at C$0.75, with a volume of 128000 shares. The stock had previously closed at C$0.76.

Analyst Ratings Changes

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

Pivotree Stock Performance

The firm has a fifty day moving average of C$0.97 and a 200-day moving average of C$1.11. The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of C$20.78 million, a price-to-earnings ratio of -2.19 and a beta of 0.22.

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.