Canaccord Genuity Group Upgrades Pivotree (CVE:PVT) to Speculative Buy

Pivotree (CVE:PVT) was upgraded by research analysts at Canaccord Genuity Group from a “hold” rating to a “speculative buy” rating in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a C$1.75 target price on the stock, up from their prior target price of C$1.50. Canaccord Genuity Group’s price objective suggests a potential upside of 42.28% from the stock’s current price.

Pivotree Price Performance

PVT stock opened at C$1.23 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.10 and a quick ratio of 1.95. The business has a 50 day simple moving average of C$1.13 and a 200-day simple moving average of C$1.01. The firm has a market capitalization of C$32.48 million, a PE ratio of -2.48 and a beta of 0.22. Pivotree has a 1 year low of C$0.73 and a 1 year high of C$1.52.

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.