Pineapple Financial (NYSEAMERICAN:PAPL) Shares Down 1.4% – Should You Sell?

Shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) dropped 1.4% during trading on Friday . The stock traded as low as $0.6690 and last traded at $0.68. Approximately 17,006 shares were traded during trading, a decline of 96% from the average daily volume of 407,809 shares. The stock had previously closed at $0.69.

Analyst Upgrades and Downgrades

Separately, D. Boral Capital reaffirmed a “buy” rating on shares of Pineapple Financial in a research note on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $100.00.

Pineapple Financial Trading Down 1.4%

The business’s 50-day simple moving average is $0.82 and its two-hundred day simple moving average is $2.86. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $17.74 million, a PE ratio of -1.24 and a beta of 2.58.

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 shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 131,578 shares of the company’s stock, valued at approximately $741,000. Polar Asset Management Partners Inc. owned about 13.16% of Pineapple Financial as of its most recent SEC filing. 0.25% of the stock is owned by institutional investors.

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. In addition, the company offers back office support services, such as digital and automated onboarding and set up, loan packaging and processing, digital document collection and client portals, loan maintenance activities, payroll, lender communication, reporting requirements for regulators and business management, cloud services, expense collections, document preparation, compliance, training, administration, and marketing.