Pineapple Financial (NYSEAMERICAN:PAPL) Stock Falls 0.5% – What’s Next?

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) fell 0.5% during mid-day trading on Friday. The company traded as low as $0.8968 and last traded at $0.9750. Approximately 50,821 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 147,859 shares. The stock had previously closed at $0.98.

Pineapple Financial Price Performance

The stock has a market capitalization of $24.64 million, a P/E ratio of -1.77 and a beta of 5.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50-day moving average price is $0.96 and its 200 day moving average price is $0.93.

About Pineapple Financial

Pineapple Financial Inc is a Canadian mortgage technology company that operates a residential mortgage brokerage business. The company helps consumers obtain mortgage financing, including home purchases, refinancing and mortgage renewals, by connecting borrowers with lending products through its broker network.

Pineapple also provides technology and business-support services for mortgage professionals. Its platform is designed to assist brokers with customer relationship management, loan application workflows, marketing, training and other administrative functions, allowing them to manage borrower relationships and mortgage transactions more efficiently.

Founded in Canada, Pineapple serves borrowers and mortgage brokers across the Canadian market through a network-based operating model.