Pivotree (CVE:PVT) Trading Up 2% – Time to Buy?

Shares of Pivotree Inc. (CVE:PVT) rose 2% during trading on Tuesday . The stock traded as high as C$1.02 and last traded at C$1.02. Approximately 100 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 5,814 shares. The stock had previously closed at C$1.00.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PVT shares. Cormark downgraded shares of Pivotree from a “buy” rating to a “market perform” rating in a research report on Thursday, November 14th. Canaccord Genuity Group reduced their target price on Pivotree from C$1.25 to C$1.00 in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Pivotree currently has an average rating of “Hold” and a consensus price target of C$2.38.

Pivotree Stock Up 2.0 %

The company has a current ratio of 2.80, a quick ratio of 1.95 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average price of C$0.87 and a 200-day moving average price of C$1.03. The firm has a market cap of C$26.84 million, a price-to-earnings ratio of -2.83 and a beta of 0.22.

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.