Pineapple Financial (NYSEAMERICAN:PAPL) Stock Price Down 0.8% – What’s Next?

Shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) traded down 0.8% on Wednesday . The stock traded as low as $0.45 and last traded at $0.46. 26,567 shares traded hands during trading, a decline of 92% from the average session volume of 343,374 shares. The stock had previously closed at $0.46.

Wall Street Analyst Weigh In

Separately, D. Boral Capital reaffirmed a “buy” rating and set a $5.00 target price on shares of Pineapple Financial in a research note on Wednesday, January 22nd.

Pineapple Financial Stock Down 0.8 %

The firm has a market cap of $4.02 million, a price-to-earnings ratio of -0.83 and a beta of -0.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.54 and a current ratio of 0.54.

Institutional Trading of Pineapple Financial

An institutional investor recently bought a new position in Pineapple Financial stock. Total Investment Management Inc. bought a new position in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned about 0.52% of Pineapple Financial at the end of the most recent quarter. Institutional investors and hedge funds own 0.25% of the company’s stock.

About Pineapple Financial

Pineapple Financial Inc operates as a mortgage technology and brokerage company in Canada. The company provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers; and mortgage consultation services through field agents. It also operates MyPineapple, a technology platform that allows users to conduct their brokerage services.