What Next for Pure Technologies Ltd. Stock After Today’s Huge Decline?


 What Next for Pure Technologies Ltd. Stock After Today's Huge Decline?

The stock of Pure Technologies Ltd. (TSE:PUR) is a huge mover today! About 330,038 shares traded hands or 199.38% up from the average. Pure Technologies Ltd. (TSE:PUR) has risen 10.89% since March 11, 2016 and is uptrending. It has outperformed by 5.40% the S&P500.
The move comes after 5 months negative chart setup for the $281.75 million company. It was reported on Oct, 18 by Barchart.com. We have $4.57 PT which if reached, will make TSE:PUR worth $36.63M less.

Pure Technologies Ltd. (TSE:PUR) Ratings Coverage

Out of 4 analysts covering Pure Technologies (TSE:PUR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $8.50 is the highest target while $1 is the lowest. The $6.13 average target is 16.76% above today’s ($5.25) stock price. Pure Technologies has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Canaccord Genuity initiated the stock with “Buy” rating in Wednesday, September 9 report.

More important recent Pure Technologies Ltd. (TSE:PUR) news were published by: Fool.ca which released: “Pure Technologies Ltd. Benefits From Aging Infrastructure” on May 13, 2015, also Theglobeandmail.com published article titled: “Pure Technologies: Is soaring stock getting ‘a little expensive’?”, Theglobeandmail.com published: “Pure Technologies buoyed by leaky pipes” on November 21, 2013. More interesting news about Pure Technologies Ltd. (TSE:PUR) was released by: Seekingalpha.com and their article: “Pure Technologies: Leader In An Under-Served Market (PPEHF)” with publication date: March 20, 2015.

Pure Technologies Ltd. is engaged in the development and application of technologies for inspection, monitoring and management of physical infrastructure, including water and hydrocarbon pipelines, buildings and bridges. The company has a market cap of $281.75 million. The Company’s divisions include Americas, International and PureHM. It has a 1339.29 P/E ratio.

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