Could Pure Technologies Ltd. Decline After Today’s Huge Increase?

 Could Pure Technologies Ltd. Decline After Today's Huge Increase?

The stock of Pure Technologies Ltd. (TSE:PUR) is a huge mover today! About 19,060 shares traded hands. Pure Technologies Ltd. (TSE:PUR) has declined 7.40% since March 29, 2016 and is downtrending. It has underperformed by 9.92% the S&P500.
The move comes after 8 months positive chart setup for the $242.94M company. It was reported on Nov, 2 by Barchart.com. We have $13.43 PT which if reached, will make TSE:PUR worth $447.01 million more.

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 29.60% above today’s ($4.73) stock price. Pure Technologies has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Canaccord Genuity initiated Pure Technologies Ltd. (TSE:PUR) on Wednesday, September 9 with “Buy” rating.

More 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 Seekingalpha.com published the news titled: “Pure Technologies: Leader In An Under-Served Market (PPEHF)” on March 20, 2015. Stockhouse.com‘s news article titled: “Pure Technologies Announces Details for Third Quarter Conference Call” with publication date: October 18, 2016 was also an interesting one.

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 $242.94 million. The Company’s divisions include Americas, International and PureHM. It has a 1206.63 P/E ratio.

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