National Bankshares Cuts Pivotree (CVE:PVT) Price Target to C$3.00

Pivotree (CVE:PVT) had its price objective lowered by stock analysts at National Bankshares from C$3.50 to C$3.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 106.90% from the company’s current price.

Pivotree Stock Up 1.4 %

Shares of PVT traded up C$0.02 on Thursday, reaching C$1.45. The stock had a trading volume of 1,600 shares, compared to its average volume of 7,656. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.95 and a current ratio of 3.74. Pivotree has a 12-month low of C$1.31 and a 12-month high of C$3.70. The firm has a market capitalization of C$38.41 million, a price-to-earnings ratio of -9.06 and a beta of 0.37. The company has a 50-day simple moving average of C$1.64 and a 200-day simple moving average of C$1.75.

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. It operates in two segments, Professional Services and Managed Services. The company offers a combination of application support and managed hosting with digital strategy and software implementation services.