Pineapple Financial (NYSEAMERICAN:PAPL) Trading 5.7% Higher – Time to Buy?

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) shares shot up 5.7% during trading on Monday . The company traded as high as $0.35 and last traded at $0.34. 22,517 shares were traded during trading, a decline of 87% from the average session volume of 171,705 shares. The stock had previously closed at $0.32.

Analyst Upgrades and Downgrades

Separately, D. Boral Capital reiterated a “buy” rating and issued a $5.00 price objective on shares of Pineapple Financial in a research note on Thursday, February 27th.

Pineapple Financial Price Performance

The stock has a market cap of $2.98 million, a price-to-earnings ratio of -0.61 and a beta of -0.49. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $0.43.

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.