Pivotree (CVE:PVT) Rating Lowered to “Market Perform” at Cormark

Pivotree (CVE:PVT) was downgraded by stock analysts at Cormark from a “buy” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, MarketBeat reports.

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

Pivotree Stock Up 3.3 %

PVT stock opened at C$0.93 on Thursday. 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 has a 12 month low of C$0.88 and a 12 month high of C$2.20. The firm has a market capitalization of C$24.47 million, a PE ratio of -2.58 and a beta of 0.22. The company’s 50 day simple moving average is C$1.08 and its 200-day simple moving average is C$1.25.

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

Pivotree Company Profile

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.