Pineapple Financial (NYSEAMERICAN:PAPL) Stock Price Down 2.4% – Here’s What Happened

Pineapple Financial Inc. (NYSEAMERICAN:PAPL)’s share price was down 2.4% on Wednesday . The stock traded as low as $3.22 and last traded at $3.22. Approximately 12,170 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 12,941 shares. The stock had previously closed at $3.30.

Pineapple Financial Trading Down 2.4%

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $3.22 million, a price-to-earnings ratio of -0.34 and a beta of 2.02. The company’s 50 day simple moving average is $4.23 and its two-hundred day simple moving average is $3.59.

Institutional Trading of Pineapple Financial

An institutional investor recently bought a new position in Pineapple Financial stock. Polar Asset Management Partners Inc. bought a new stake in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 at the end of the most recent reporting period. 0.25% of the stock is owned by hedge funds and other institutional investors.

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.