Pivotree (CVE:PVT) Trading Down 2.7%

Pivotree Inc. (CVE:PVT)’s share price dropped 2.7% during mid-day trading on Thursday . The company traded as low as C$2.14 and last traded at C$2.14. Approximately 2,900 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 13,285 shares. The stock had previously closed at C$2.20.

Analyst Ratings Changes

PVT has been the subject of a number of research analyst reports. Canaccord Genuity Group dropped their target price on shares of Pivotree from C$5.50 to C$4.50 in a report on Monday, August 14th. Cormark dropped their price objective on shares of Pivotree from C$5.50 to C$5.00 in a research note on Monday, August 14th. Finally, National Bankshares dropped their price objective on shares of Pivotree from C$7.00 to C$5.00 in a research note on Monday, August 14th.

Pivotree Stock Performance

The company has a current ratio of 2.96, a quick ratio of 1.95 and a debt-to-equity ratio of 1.93. The stock’s 50 day moving average price is C$2.31 and its two-hundred day moving average price is C$2.87. The firm has a market capitalization of C$59.61 million, a PE ratio of -10.18 and a beta of 0.69.

Pivotree (CVE:PVT) last posted its earnings results on Friday, August 11th. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.02). The business had revenue of C$22.68 million for the quarter, compared to analyst estimates of C$25.25 million. Pivotree had a negative net margin of 6.21% and a negative return on equity of 9.75%. On average, equities analysts expect that Pivotree Inc. will post 0.0291038 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. It operates in two segments, Professional Services and Managed Services. The company offers a combination of application support and managed hosting with digital strategy and software implementation services.