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Pinetree Capital (TSE:PNP) Stock Price Passes Above 50-Day Moving Average - Here's Why

Pinetree Capital logo with Financial Services background

Pinetree Capital Ltd. (TSE:PNP - Get Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$7.23 and traded as high as C$7.76. Pinetree Capital shares last traded at C$7.76, with a volume of 1,533 shares traded.

Pinetree Capital Trading Up 12.1 %

The company has a market capitalization of C$81.69 million, a P/E ratio of 6.13 and a beta of 0.60. The business has a fifty day moving average of C$7.26 and a 200-day moving average of C$6.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.97 and a current ratio of 8.14.

Pinetree Capital (TSE:PNP - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported C($0.10) EPS for the quarter. Pinetree Capital had a net margin of 95.14% and a return on equity of 27.46%.

About Pinetree Capital

(Get Free Report)

Pinetree Capital Ltd. is a venture capital and private equity firm specializing in early, later stage venture, middle market, mature, later stage, turnaround and growth capital investments in micro and small cap companies. The firm prefers to invest in enterprise software, financial and healthcare industries.

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