Pivotree Inc. (CVE:PVT – Get Free Report) rose 2.6% on Friday . The stock traded as high as C$1.18 and last traded at C$1.18. Approximately 10,000 shares were traded during mid-day trading, an increase of 32% from the average daily volume of 7,549 shares. The stock had previously closed at C$1.15.
Wall Street Analysts Forecast Growth
PVT has been the subject of several analyst reports. Cormark decreased their price objective on Pivotree from C$3.50 to C$2.50 in a report on Wednesday, August 14th. Canaccord Genuity Group decreased their price objective on Pivotree from C$1.70 to C$1.25 and set a “hold” rating for the company in a report on Wednesday, August 14th.
View Our Latest Stock Analysis on Pivotree
Pivotree Price Performance
Pivotree (CVE:PVT – Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C($0.12) EPS for the quarter. Pivotree had a negative net margin of 11.79% and a negative return on equity of 17.41%. The firm had revenue of C$20.26 million for the quarter, compared to analyst estimates of C$20.75 million. Research analysts forecast that Pivotree Inc. will post 0.0800215 earnings per share for the current fiscal year.
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.
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