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 report published on Thursday, MarketBeat reports.

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

Pivotree Stock Performance

Shares of Pivotree stock traded down C$0.10 during trading on Thursday, reaching C$0.90. The company’s stock had a trading volume of 500 shares, compared to its average volume of 7,667. The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. Pivotree has a 52 week low of C$0.90 and a 52 week high of C$2.20. The business’s 50-day moving average price is C$1.10 and its 200-day moving average price is C$1.26. The firm has a market cap of C$23.68 million, a PE ratio of -2.50 and a beta of 0.22.

Pivotree (CVE:PVT) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C($0.12) earnings per share (EPS) for the quarter. Pivotree had a negative net margin of 11.79% and a negative return on equity of 17.41%. The business had revenue of C$20.26 million during the quarter, compared to the consensus estimate of C$20.75 million. Equities analysts forecast that Pivotree will post 0.0800215 earnings per share for the current 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.