Pivotree (CVE:PVT) Sets New 1-Year Low – What’s Next?

Pivotree Inc. (CVE:PVT) hit a new 52-week low during trading on Friday . The company traded as low as C$0.86 and last traded at C$0.86, with a volume of 4000 shares trading hands. The stock had previously closed at C$0.90.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PVT. Cormark lowered Pivotree from a “buy” rating to a “market perform” rating in a research note on Thursday, November 14th. Canaccord Genuity Group cut their price target on shares of Pivotree from C$1.25 to C$1.00 in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Pivotree presently has a consensus rating of “Hold” and a consensus target price of C$2.38.

Pivotree Stock Performance

The stock has a market capitalization of C$22.63 million, a PE ratio of -2.50 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 business has a 50 day moving average price of C$1.06 and a 200 day moving average price of C$1.22.

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.