Pinetree Capital (TSE:PNP) Hits New 52-Week High – Time to Buy?

Pinetree Capital Ltd. (TSE:PNP)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$8.51 and last traded at C$8.50, with a volume of 18454 shares. The stock had previously closed at C$7.76.

Pinetree Capital Price Performance

The firm has a market capitalization of C$83.57 million, a price-to-earnings ratio of 6.27 and a beta of 0.60. The company’s fifty day moving average price is C$7.28 and its 200 day moving average price is C$6.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.97 and a current ratio of 8.14.

Pinetree Capital (TSE:PNP) last posted its earnings results on Thursday, July 25th. The company reported C($0.10) EPS for the quarter. Pinetree Capital had a net margin of 95.14% and a return on equity of 27.46%.

About Pinetree Capital

Pinetree Capital Ltd. is a venture capital and private equity firm specializing in early, later stage venture, middle market, mature, later stage, turnaround and growth capital investments in micro and small cap companies. The firm prefers to invest in enterprise software, financial and healthcare industries.