Share on StockTwits

Pure Technologies (TSE:PUR) was downgraded by analysts at Mackie from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Shares of Pure Technologies (TSE:PUR) traded up 1.70% during mid-day trading on Wednesday, hitting $7.77. The stock had a trading volume of 9,865 shares. 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 P/E ratio of 109.14.

The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders 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%.

A number of other analysts have also recently weighed in on PUR. 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. 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Pure Technologies presently has an average rating of “Buy” and an average price target of C$7.63.

Pure Technologies Ltd. (TSE:PUR) provides monitoring and surveillance of physical infrastructure utilizing patented technologies.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.