Pivotree (CVE:PVT) Sets New 1-Year Low – Time to Sell?

Pivotree Inc. (CVE:PVT)’s share price hit a new 52-week low on Thursday . The company 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$2.38.

Pivotree Stock Performance

The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. The company has a market cap of C$21.57 million, a price-to-earnings ratio of -2.31 and a beta of 0.22. The stock has a 50 day simple moving average of C$1.04 and a 200 day simple moving average of C$1.19.

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.