Pivotree (CVE:PVT) Stock Price Up 2.6% – Here’s What Happened

Pivotree Inc. (CVE:PVT) 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.

Pivotree Price Performance

The stock has a market capitalization 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. The company’s 50-day simple moving average is C$1.10 and its 200-day simple moving average is C$1.30.

Pivotree (CVE:PVT) 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.