Pineapple Financial (NYSEAMERICAN:PAPL) Shares Down 6.4% – Time to Sell?

Pineapple Financial Inc. (NYSEAMERICAN:PAPL)’s stock price fell 6.4% during mid-day trading on Friday . The stock traded as low as $0.44 and last traded at $0.44. 49,454 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 141,391 shares. The stock had previously closed at $0.47.

Pineapple Financial Stock Down 6.4 %

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.52 and a quick ratio of 1.52.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pineapple Financial stock. Total Investment Management Inc. bought a new stake in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned approximately 0.52% of Pineapple Financial at the end of the most recent quarter. Institutional investors and hedge funds own 0.25% of the company’s stock.

About Pineapple Financial

Pineapple Financial Inc operates as a mortgage technology and brokerage company in Canada. The company provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers; and mortgage consultation services through field agents. It also operates MyPineapple, a technology platform that allows users to conduct their brokerage services.