Pineapple Financial (NYSEAMERICAN:PAPL) Stock Falls 6.7% – What’s Next?

Pineapple Financial Inc. (NYSEAMERICAN:PAPL)’s share price traded down 6.7% on Thursday. The stock traded as low as $0.81 and last traded at $0.8223. 113,870 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 125,207 shares. The stock had previously closed at $0.8811.

Pineapple Financial Stock Up 2.8%

The firm has a market capitalization of $21.35 million, a PE ratio of -1.54 and a beta of 5.48. The firm’s 50-day moving average is $1.00 and its 200 day moving average is $0.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.00 and a current ratio of 1.00.

Pineapple Financial (NYSEAMERICAN:PAPL) last announced its quarterly earnings results on Monday, July 20th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $1.40. Pineapple Financial had a negative net margin of 92.89% and a positive return on equity of 77.14%. The company had revenue of $0.62 million for the quarter, compared to the consensus estimate of $0.62 million.

Pineapple Financial Company Profile

Pineapple Financial Inc is a Canadian mortgage technology and brokerage company operating under the Pineapple Mortgage brand. The company connects homebuyers and borrowers with mortgage professionals and lending institutions, helping clients evaluate and arrange residential mortgage financing.

Pineapple provides mortgage agents with technology and operational support designed to streamline the lending process. Its platform supports activities such as client management, mortgage application processing, document collection, deal tracking and communication with lenders.