Cormark Weighs in on Pure Technologies Ltd.’s FY2016 Earnings (PUR)
Pure Technologies Ltd. (TSE:PUR) – Stock analysts at Cormark dropped their FY2016 EPS estimates for Pure Technologies in a note issued to investors on Friday. Cormark analyst G. Fairweather now forecasts that the brokerage will earn $0.03 per share for the year, down from their prior estimate of $0.09. Cormark also issued estimates for Pure Technologies’ FY2017 earnings at $0.14 EPS.
Separately, Canaccord Genuity reduced their target price on shares of Pure Technologies from C$7.00 to C$6.75 and set a “buy” rating on the stock in a report on Thursday, November 10th.
Shares of Pure Technologies (TSE:PUR) opened at 4.24 on Monday. The stock has a 50 day moving average of $5.13 and a 200 day moving average of $5.73. The stock has a market capitalization of $228.14 million and a P/E ratio of 848.00. Pure Technologies has a 12-month low of $3.80 and a 12-month high of $6.49.
About Pure Technologies
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