MediaValet (CVE:MVP) Trading Up 2.9%

Shares of MediaValet Inc. (CVE:MVP) shot up 2.9% on Thursday . The stock traded as high as C$2.52 and last traded at C$2.50. 29,210 shares changed hands during trading, a decline of 39% from the average session volume of 47,658 shares. The stock had previously closed at C$2.43.

Wall Street Analyst Weigh In

Separately, Eight Capital downgraded shares of MediaValet from a “buy” rating to a “tender” rating and reduced their price target for the company from C$2.50 to C$1.71 in a research note on Thursday, January 25th.

MediaValet Stock Up 2.9 %

The business has a 50 day simple moving average of C$2.50 and a 200 day simple moving average of C$2.50. The company has a market capitalization of C$95.48 million and a price-to-earnings ratio of -19.23. The company has a debt-to-equity ratio of 22.52, a current ratio of 2.25 and a quick ratio of 2.13.

MediaValet Company Profile

MediaValet Inc develops and delivers enterprise cloud software to manage the digital media assets worldwide. It offers Enterprise Digital Asset Management (DAM) platform that helps to create, find, work with, manage, and share digital assets; CreativeSPACES, a hybrid cloud/on premise tool for collaborating between team members, the core DAM, and other media creation software; and other modules modules for advanced artificial intelligence, audio/video intelligence, mobile support, content publishing, and open application programming interface developer tools.