Pivotree (CVE:PVT) Shares Up 2.6% – Still a Buy?

Pivotree Inc. (CVE:PVT)’s stock price shot up 2.6% during trading on Friday . The company traded as high as C$1.18 and last traded at C$1.18. 10,000 shares traded hands during mid-day trading, an increase of 32% from the average session volume of 7,549 shares. The stock had previously closed at C$1.15.

Analyst Ratings Changes

Several analysts recently issued reports on PVT shares. Cormark decreased their price objective on shares of Pivotree from C$3.50 to C$2.50 in a report on Wednesday, August 14th. Canaccord Genuity Group decreased their price target on shares of Pivotree from C$1.70 to C$1.25 and set a “hold” rating for the company in a report on Wednesday, August 14th.

Pivotree Stock Performance

The firm’s 50 day moving average price is C$1.10 and its 200-day moving average price is C$1.30. The firm has a market cap of C$31.05 million, a price-to-earnings ratio of -3.28 and a beta of 0.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.80 and a quick ratio of 1.95.

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