D. Boral Capital Lowers Pineapple Financial (NYSEAMERICAN:PAPL) Price Target to $5.00

Pineapple Financial (NYSEAMERICAN:PAPL) had its price objective dropped by equities researchers at D. Boral Capital from $5.50 to $5.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock.

Pineapple Financial Stock Performance

NYSEAMERICAN PAPL opened at $0.52 on Monday. Pineapple Financial has a 12-month low of $0.41 and a 12-month high of $2.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.52 and a current ratio of 1.52.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pineapple Financial stock. Total Investment Management Inc. acquired a new position in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned 0.52% of Pineapple Financial as of its most recent filing with the Securities & Exchange Commission. 0.25% of the stock is currently owned by institutional investors.

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.