Pivotree (CVE:PVT) Shares Down 1% – Should You Sell?

Pivotree Inc. (CVE:PVT) dropped 1% on Thursday . The company traded as low as C$0.98 and last traded at C$0.98. Approximately 7,500 shares traded hands during mid-day trading, an increase of 67% from the average daily volume of 4,487 shares. The stock had previously closed at C$0.99.

Wall Street Analysts Forecast Growth

PVT has been the subject of a number of recent analyst reports. Canaccord Genuity Group dropped their price objective on Pivotree from C$1.25 to C$1.00 in a research note on Thursday, November 14th. Cormark lowered Pivotree from a “buy” rating to a “market perform” rating in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$2.38.

Pivotree Trading Down 1.0 %

The stock has a market cap of C$25.88 million, a PE ratio of -1.98 and a beta of 0.22. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.95 and a current ratio of 2.10. The stock has a fifty day moving average price of C$1.02 and a 200 day moving average price of C$1.00.

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.