Shares of Pivotree Inc. (CVE:PVT – Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.98 and last traded at C$0.98, with a volume of 500 shares trading hands. The stock had previously closed at C$0.99.
Analyst Ratings Changes
PVT has been the subject of a number of recent analyst reports. Cormark lowered their price target on Pivotree from C$3.50 to C$2.50 in a research note on Wednesday, August 14th. Canaccord Genuity Group lowered their price target on Pivotree from C$1.70 to C$1.25 and set a “hold” rating for the company in a research note on Wednesday, August 14th.
Check Out Our Latest Report on PVT
Pivotree Price Performance
Pivotree (CVE:PVT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C($0.12) earnings per share (EPS) for the quarter. Pivotree had a negative net margin of 11.79% and a negative return on equity of 17.41%. The business had revenue of C$20.26 million during the quarter, compared to analyst estimates of C$20.75 million. As a group, research analysts anticipate that Pivotree Inc. will post 0.0800215 EPS for the current fiscal year.
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.
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