D. Boral Capital Has Lowered Expectations for Pineapple Financial (NYSEAMERICAN:PAPL) Stock Price

Pineapple Financial (NYSEAMERICAN:PAPL) had its target price reduced by analysts at D. Boral Capital from $5.50 to $5.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock.

Pineapple Financial Stock Down 1.9 %

Shares of PAPL stock traded down $0.01 on Monday, reaching $0.53. The stock had a trading volume of 68,907 shares, compared to its average volume of 82,402. Pineapple Financial has a 12 month low of $0.41 and a 12 month high of $2.14. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.45.

Hedge Funds Weigh In On Pineapple Financial

A hedge fund recently bought a new stake in Pineapple Financial stock. Total Investment Management Inc. acquired a new stake in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned approximately 0.52% of Pineapple Financial at the end of the most recent reporting period. Institutional investors and hedge funds own 0.25% of the company’s stock.

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.