Pineapple Financial (NYSEAMERICAN:PAPL) Trading Down 6.4% – Time to Sell?

Shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) were down 6.4% during trading on Friday . The stock traded as low as $0.44 and last traded at $0.44. Approximately 49,454 shares traded hands during trading, a decline of 65% from the average daily volume of 141,391 shares. The stock had previously closed at $0.47.

Pineapple Financial Stock Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.52 and a quick ratio of 1.52.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pineapple Financial stock. Total Investment Management Inc. purchased a new stake in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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. 0.25% of the stock is owned by institutional investors and hedge funds.

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.