Shopify Inc. (TSE:SHOP - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$155.07 and traded as low as C$149.05. Shopify shares last traded at C$149.55, with a volume of 2,739,516 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. National Bankshares raised their target price on Shopify from C$100.00 to C$140.00 in a research note on Wednesday, November 13th. ATB Capital cut shares of Shopify from an "outperform" rating to a "sector perform" rating and raised their price objective for the stock from C$120.00 to C$145.00 in a research report on Wednesday, November 13th.
View Our Latest Research Report on Shopify
Shopify Stock Performance
The company has a debt-to-equity ratio of 12.40, a current ratio of 7.32 and a quick ratio of 5.74. The company has a market cap of C$180.96 billion, a price-to-earnings ratio of 109.16, a PEG ratio of 0.87 and a beta of 2.36. The firm has a 50 day simple moving average of C$155.63 and a 200-day simple moving average of C$119.39.
Insider Buying and Selling
In related news, Senior Officer Harley Michael Finkelstein sold 426 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of C$110.63, for a total transaction of C$47,130.08. Also, Director Tobyn David Shannan sold 433 shares of Shopify stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$163.19, for a total value of C$70,661.92. In the last ninety days, insiders sold 42,394 shares of company stock valued at $6,521,950. 0.18% of the stock is currently owned by insiders.
About Shopify
(
Get Free Report)
Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.
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