Pineapple Financial (NYSEAMERICAN:PAPL) Shares Down 2.4% – Should You Sell?

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) dropped 2.4% during mid-day trading on Wednesday . The company traded as low as $3.22 and last traded at $3.22. Approximately 12,170 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 12,941 shares. The stock had previously closed at $3.30.

Pineapple Financial Stock Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $3.22 million, a PE ratio of -0.34 and a beta of 2.02. The firm has a fifty day moving average price of $4.23 and a 200 day moving average price of $3.59.

Institutional Investors Weigh In On Pineapple Financial

A hedge fund recently bought a new stake in Pineapple Financial stock. Polar Asset Management Partners Inc. acquired a new position in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 131,578 shares of the company’s stock, valued at approximately $741,000. Polar Asset Management Partners Inc. owned 13.16% of Pineapple Financial as of its most recent filing with the SEC. 0.25% of the stock is currently owned by institutional investors and hedge funds.

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.