Pivotree (CVE:PVT) Stock Rating Lowered by Cormark

Cormark downgraded shares of Pivotree (CVE:PVT) from a buy rating to a market perform rating in a research report sent to investors on Thursday, Marketbeat Ratings reports.

Separately, Canaccord Genuity Group lowered their target price on shares of Pivotree from C$1.25 to C$1.00 in a report on Thursday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pivotree presently has a consensus rating of “Hold” and an average price target of C$2.38.

Pivotree Stock Up 3.3 %

PVT stock opened at C$0.93 on Thursday. The company has a market cap of C$24.47 million, a price-to-earnings ratio of -2.58 and a beta of 0.22. Pivotree has a twelve month low of C$0.88 and a twelve month high of C$2.20. The business has a 50 day moving average price of C$1.08 and a two-hundred day moving average price of C$1.24. The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 0.73.

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.