Pineapple Financial (NYSEAMERICAN:PAPL) Stock Price Up 7.9% – Still a Buy?

Shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) traded up 7.9% during mid-day trading on Monday . The company traded as high as $1.28 and last traded at $1.23. 138,623 shares were traded during trading, a decline of 83% from the average daily volume of 826,314 shares. The stock had previously closed at $1.14.

Pineapple Financial Stock Down 3.2%

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $30.32 million, a PE ratio of -2.18 and a beta of 5.57. The business’s 50 day moving average price is $1.02 and its 200 day moving average price is $0.91.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Pineapple Financial stock. Polar Asset Management Partners Inc. purchased a new stake in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 131,578 shares of the company’s stock, valued at approximately $741,000. Polar Asset Management Partners Inc. owned approximately 13.16% of Pineapple Financial at the end of the most recent reporting period. 0.25% of the stock is owned by institutional investors.

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. In addition, the company offers back office support services, such as digital and automated onboarding and set up, loan packaging and processing, digital document collection and client portals, loan maintenance activities, payroll, lender communication, reporting requirements for regulators and business management, cloud services, expense collections, document preparation, compliance, training, administration, and marketing.