Pivotree (CVE:PVT) Trading Up 2.6% – Should You Buy?

Pivotree Inc. (CVE:PVT)’s stock price rose 2.6% during mid-day trading on Thursday . The stock traded as high as C$1.62 and last traded at C$1.55. Approximately 12,147 shares traded hands during trading, a decline of 10% from the average daily volume of 13,436 shares. The stock had previously closed at C$1.51.

Analyst Upgrades and Downgrades

Separately, Cormark raised Pivotree from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$1.75.

Pivotree Trading Up 2.6%

The firm has a market cap of C$40.81 million, a P/E ratio of -17.22 and a beta of -0.37. The stock has a 50 day simple moving average of C$1.54 and a 200-day simple moving average of C$1.38. The company has a current ratio of 2.10, a quick ratio of 1.95 and a debt-to-equity ratio of 1.21.

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.