Pivotree (CVE:PVT) Trading Up 8.6% – Here’s Why

Pivotree Inc. (CVE:PVT)’s stock price was up 8.6% during mid-day trading on Tuesday . The stock traded as high as C$1.52 and last traded at C$1.52. Approximately 3,788 shares were traded during trading, a decline of 73% from the average daily volume of 14,121 shares. The stock had previously closed at C$1.40.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded Pivotree from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Pivotree has an average rating of “Buy” and an average target price of C$1.38.

Pivotree Stock Performance

The stock has a market cap of C$40.02 million, a price-to-earnings ratio of -16.89 and a beta of -0.20. The company’s fifty day simple moving average is C$1.48 and its two-hundred day simple moving average is C$1.27. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.10 and a quick ratio of 1.95.

Pivotree Company Profile

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.