Pineapple Financial (NYSEAMERICAN:PAPL) Trading Down 4% – Time to Sell?

Shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) were down 4% on Tuesday . The stock traded as low as $0.9457 and last traded at $0.9501. 52,309 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 111,612 shares. The stock had previously closed at $0.99.

Pineapple Financial Price Performance

The firm has a market capitalization of $21.31 million, a PE ratio of -1.49 and a beta of 5.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.15 and a quick ratio of 1.15. The business’s 50 day moving average is $1.03 and its two-hundred day moving average is $1.13.

Institutional Trading of Pineapple Financial

An institutional investor recently bought a new position in Pineapple Financial stock. Polar Asset Management Partners Inc. purchased a new stake in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.25% of the company’s stock.

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.