Pivotree (CVE:PVT) Stock Price Up 2% – Here’s Why

Pivotree Inc. (CVE:PVT) rose 2% on Tuesday . The stock traded as high as C$1.02 and last traded at C$1.02. Approximately 100 shares were traded during trading, a decline of 98% from the average daily volume of 5,814 shares. The stock had previously closed at C$1.00.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PVT. Canaccord Genuity Group decreased their target price on Pivotree from C$1.25 to C$1.00 in a research note on Thursday, November 14th. Cormark downgraded shares of Pivotree from a “buy” rating to a “market perform” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$2.38.

Pivotree Stock Performance

The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. The firm has a 50-day simple moving average of C$0.87 and a 200 day simple moving average of C$1.03. The company has a market cap of C$26.84 million, a price-to-earnings ratio of -2.83 and a beta of 0.22.

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.