Pivotree (PVT) to Release Quarterly Earnings on Wednesday

Pivotree (CVE:PVT) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 13th.

Pivotree (CVE:PVT) last issued its earnings results on Tuesday, August 13th. The company reported C($0.12) earnings per share (EPS) for the quarter. Pivotree had a negative return on equity of 17.41% and a negative net margin of 11.79%. The firm had revenue of C$20.26 million during the quarter, compared to analyst estimates of C$20.75 million.

Pivotree Stock Performance

Shares of PVT stock opened at C$1.08 on Monday. The business’s 50-day moving average price is C$1.10 and its 200-day moving average price is C$1.26. Pivotree has a 12 month low of C$0.98 and a 12 month high of C$2.20. The company has a current ratio of 2.80, a quick ratio of 1.95 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of C$28.41 million, a price-to-earnings ratio of -3.00 and a beta of 0.22.

Analyst Ratings Changes

PVT has been the subject of several analyst reports. Cormark dropped their price target on shares of Pivotree from C$3.50 to C$2.50 in a research note on Wednesday, August 14th. Canaccord Genuity Group lowered their target price on Pivotree from C$1.70 to C$1.25 and set a “hold” rating for the company in a research report on Wednesday, August 14th.

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.