Pinetree Capital (TSE:PNP) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Pinetree Capital Ltd. (TSE:PNP) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$9.49 and traded as low as C$9.21. Pinetree Capital shares last traded at C$9.22, with a volume of 716 shares trading hands.

Pinetree Capital Trading Down 0.1%

The company has a quick ratio of 5.97, a current ratio of 0.10 and a debt-to-equity ratio of 15.62. The firm’s 50-day simple moving average is C$9.49 and its 200 day simple moving average is C$9.20. The stock has a market capitalization of C$86.64 million, a P/E ratio of -20.51 and a beta of 1.03.

Insider Activity at Pinetree Capital

In other Pinetree Capital news, insider Shezad Kassam Okhai bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average cost of C$9.36 per share, with a total value of C$37,440.00. Following the completion of the purchase, the insider directly owned 510,200 shares in the company, valued at approximately C$4,775,472. This trade represents a 0.79% increase in their ownership of the stock. In the last 90 days, insiders have purchased 12,600 shares of company stock valued at $118,777. 43.35% of the stock is owned by insiders.

Pinetree Capital Company Profile

Pinetree is a value-oriented investment and merchant banking company focused on the technology sector. Pinetree’s common shares are listed on the TSX under the symbol ‘PNP’.