Pineapple Financial (NYSEAMERICAN:PAPL) Stock Price Down 0.8% – Time to Sell?

Pineapple Financial Inc. (NYSEAMERICAN:PAPL)’s share price fell 0.8% on Wednesday . The company traded as low as $0.45 and last traded at $0.46. 26,567 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 343,374 shares. The stock had previously closed at $0.46.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital reiterated a “buy” rating and issued a $5.00 price objective on shares of Pineapple Financial in a research note on Wednesday, January 22nd.

Pineapple Financial Price Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $4.02 million, a PE ratio of -0.83 and a beta of -0.49.

Institutional Trading of Pineapple Financial

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) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned 0.52% of Pineapple Financial at the end of the most recent reporting period. Institutional investors own 0.25% of the company’s stock.

Pineapple Financial Company Profile

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.