Pivotree Inc. (CVE:PVT – Get Free Report)’s share price traded up 3% during mid-day trading on Thursday . The stock traded as high as C$1.04 and last traded at C$1.04. 2,165 shares traded hands during trading, a decline of 73% from the average session volume of 8,064 shares. The stock had previously closed at C$1.01.
Analyst Upgrades and Downgrades
PVT has been the subject of several research reports. Canaccord Genuity Group dropped their price objective on shares of 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. Cormark dropped their price target on Pivotree from C$3.50 to C$2.50 in a research note on Wednesday, August 14th.
Pivotree Price Performance
Pivotree (CVE:PVT – Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported C($0.12) earnings per share for the quarter. The business had revenue of C$20.26 million for the quarter, compared to the consensus estimate of C$20.75 million. Pivotree had a negative return on equity of 17.41% and a negative net margin of 11.79%. As a group, equities research analysts predict 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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