Pure Technologies Lowered to Market Perform at Cormark (PUR)
Several other analysts have also recently commented on the stock. Analysts at Mackie downgraded shares of Pure Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. Separately, analysts at Canaccord Genuity raised their price target on shares of Pure Technologies from C$8.00 to C$8.50 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Jennings Capital initiated coverage on shares of Pure Technologies in a research note on Wednesday, June 18th. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Pure Technologies presently has an average rating of “Buy” and a consensus target price of C$7.63.
Pure Technologies (TSE:PUR) traded up 1.70% during mid-day trading on Wednesday, hitting $7.77. 9,865 shares of the company’s stock traded hands. Pure Technologies has a 52-week low of $4.74 and a 52-week high of $8.25. The stock has a 50-day moving average of $7.56 and a 200-day moving average of $7.25. The company has a market cap of $401.6 million and a price-to-earnings ratio of 109.14.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.57%.
Pure Technologies Ltd. (TSE:PUR) provides monitoring and surveillance of physical infrastructure utilizing patented technologies.
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