Pivotree (CVE:PVT) Sets New 52-Week Low – Here’s What Happened

Pivotree Inc. (CVE:PVT)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.80 and last traded at C$0.82, with a volume of 4800 shares changing hands. The stock had previously closed at C$0.83.

Analysts Set New Price Targets

A number of research analysts have recently commented on PVT shares. Canaccord Genuity Group reduced their price target on shares of Pivotree from C$1.25 to C$1.00 in a research report on Thursday, November 14th. Cormark lowered Pivotree from a “buy” rating to a “market perform” rating in a research note 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, Pivotree currently has an average rating of “Hold” and an average price target of C$2.38.

Pivotree Stock Performance

The company’s 50-day moving average price is C$1.03 and its two-hundred day moving average price is C$1.18. The stock has a market cap of C$21.57 million, a PE ratio of -2.28 and a beta of 0.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.95 and a current ratio of 2.80.

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.