Coveo Solutions (TSE:CVO) Shares Down 0.1% – Time to Sell?

Coveo Solutions Inc. (TSE:CVO) dropped 0.1% on Wednesday . The company traded as low as C$6.63 and last traded at C$6.73. Approximately 233,246 shares were traded during trading, an increase of 20% from the average daily volume of 193,645 shares. The stock had previously closed at C$6.74.

Wall Street Analyst Weigh In

A number of research analysts have commented on CVO shares. Natl Bk Canada lowered Coveo Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Stifel Nicolaus reduced their target price on shares of Coveo Solutions from C$15.00 to C$13.00 in a research report on Friday, October 31st. Finally, Canaccord Genuity Group decreased their price target on shares of Coveo Solutions from C$13.00 to C$11.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Coveo Solutions presently has a consensus rating of “Moderate Buy” and an average target price of C$11.10.

Coveo Solutions Trading Down 0.1%

The company has a market capitalization of C$645.29 million, a price-to-earnings ratio of -29.26, a P/E/G ratio of 0.09 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 3.14 and a debt-to-equity ratio of 5.36. The business’s 50 day moving average price is C$6.36 and its two-hundred day moving average price is C$7.62.

Coveo Solutions (TSE:CVO) last issued its earnings results on Thursday, October 30th. The company reported C($0.05) earnings per share for the quarter. The company had revenue of C$51.99 million during the quarter. Coveo Solutions had a negative net margin of 8.74% and a negative return on equity of 7.97%. On average, equities analysts predict that Coveo Solutions Inc. will post -0.2144225 earnings per share for the current fiscal year.

About Coveo Solutions

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company’s solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.