Pineapple Financial (NYSEAMERICAN:PAPL) Stock Price Down 1.4% – Here’s What Happened

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) traded down 1.4% on Friday . The company traded as low as $0.6690 and last traded at $0.68. 17,006 shares were traded during mid-day trading, a decline of 96% from the average session volume of 407,809 shares. The stock had previously closed at $0.69.

Analysts Set New Price Targets

Separately, D. Boral Capital restated a “buy” rating on shares of Pineapple Financial in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $100.00.

Pineapple Financial Price Performance

The stock has a market cap of $17.74 million, a PE ratio of -1.24 and a beta of 2.58. The business’s 50-day simple moving average is $0.82 and its 200-day simple moving average is $2.85. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.62.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pineapple Financial stock. Polar Asset Management Partners Inc. purchased a new stake in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 131,578 shares of the company’s stock, valued at approximately $741,000. Polar Asset Management Partners Inc. owned about 13.16% of Pineapple Financial at the end of the most recent reporting period. 0.25% of the stock is owned by institutional investors and hedge funds.

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.