Pivot Technology Solutions (TSE:PTG) Downgraded by Echelon Wealth Partners

Echelon Wealth Partners cut shares of Pivot Technology Solutions (TSE:PTG) from a buy rating to a speculative buy rating in a report released on Tuesday, Zacks.com reports.

TSE PTG opened at C$1.19 on Tuesday. The company has a market capitalization of $35.68 million and a price-to-earnings ratio of -24.29. Pivot Technology Solutions has a twelve month low of C$0.78 and a twelve month high of C$1.97. The stock has a fifty day simple moving average of C$1.55 and a 200 day simple moving average of C$1.58. The company has a quick ratio of 0.61, a current ratio of 0.81 and a debt-to-equity ratio of 11,577.83.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 28th were issued a $0.04 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.16 dividend on an annualized basis and a yield of 13.45%. Pivot Technology Solutions’s payout ratio is -244.99%.

About Pivot Technology Solutions

Pivot Technology Solutions, Inc provides IT solutions to businesses, government, and education institutions, and healthcare organizations in North America and Europe. The company operates through ACS, ARC, ProSys, Sigma, and TeraMach segments. The ACS segment provides systems, storage, security, and networking solutions.

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