Pivotree (CVE:PVT) Hits New 12-Month Low Following Analyst Downgrade

Pivotree Inc. (CVE:PVT)’s stock price reached a new 52-week low on Thursday after Cormark downgraded the stock from a buy rating to a market perform rating. The stock traded as low as C$0.90 and last traded at C$0.90, with a volume of 22825 shares. The stock had previously closed at C$1.00.

Separately, Canaccord Genuity Group lowered their price objective on Pivotree from C$1.25 to C$1.00 in a research note on Thursday. Four 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, Pivotree has a consensus rating of “Hold” and an average price target of C$2.38.

Pivotree Stock Performance

The stock has a market capitalization of C$23.68 million, a price-to-earnings ratio of -2.53 and a beta of 0.22. The company’s 50-day simple moving average is C$1.10 and its 200-day simple moving average is C$1.26. The company has a current ratio of 2.80, a quick ratio of 1.95 and a debt-to-equity ratio of 0.73.

Pivotree (CVE:PVT) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C($0.12) earnings per share for the quarter. The company had revenue of C$20.26 million during the quarter, compared to analyst estimates of C$20.75 million. Pivotree had a negative net margin of 11.79% and a negative return on equity of 17.41%. On average, analysts expect that Pivotree Inc. will post 0.0800215 EPS for the current 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.