MediaValet (CVE:MVP) Trading 2.9% Higher

Shares of MediaValet Inc. (CVE:MVP) shot up 2.9% during mid-day trading on Thursday . The company traded as high as C$2.52 and last traded at C$2.50. 29,210 shares were traded during mid-day trading, a decline of 39% from the average session volume of 47,658 shares. The stock had previously closed at C$2.43.

Wall Street Analyst Weigh In

Separately, Eight Capital cut MediaValet from a “buy” rating to a “tender” rating and cut their target price for the company from C$2.50 to C$1.71 in a research note on Thursday, January 25th.

MediaValet Trading Up 2.9 %

The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 22.52. The firm’s 50-day simple moving average is C$2.50 and its 200 day simple moving average is C$2.50. The stock has a market capitalization of C$95.48 million and a P/E ratio of -19.23.

MediaValet Company Profile

MediaValet Inc develops and delivers enterprise cloud software to manage the digital media assets worldwide. It offers Enterprise Digital Asset Management (DAM) platform that helps to create, find, work with, manage, and share digital assets; CreativeSPACES, a hybrid cloud/on premise tool for collaborating between team members, the core DAM, and other media creation software; and other modules modules for advanced artificial intelligence, audio/video intelligence, mobile support, content publishing, and open application programming interface developer tools.