Pivotree (CVE:PVT) Hits New 12-Month Low Following Analyst Downgrade

Pivotree Inc. (CVE:PVT) reached a new 52-week low during trading on Thursday after Cormark downgraded the stock from a buy rating to a market perform rating. The company traded as low as C$0.90 and last traded at C$0.90, with a volume of 22825 shares traded. The stock had previously closed at C$1.00.

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

Pivotree Stock Up 3.3 %

The firm has a market cap of C$24.47 million, a price-to-earnings ratio of -2.58 and a beta of 0.22. The firm’s fifty day moving average is C$1.08 and its two-hundred day moving average is C$1.25. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.80 and a quick ratio of 1.95.

Pivotree (CVE:PVT) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.12) earnings per share (EPS) for the quarter. The company had revenue of C$20.26 million for the quarter, compared to analyst estimates of C$20.75 million. Pivotree had a negative return on equity of 17.41% and a negative net margin of 11.79%. On average, sell-side analysts expect that Pivotree Inc. will post 0.0800215 EPS for the current fiscal 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.