Pintec Technology Holdings Ltd
Change company Symbol lookup
Select an option...
PT Pintec Technology Holdings Ltd
CLSH CLS Holdings USA Inc
UN Unilever NV
AWK American Water Works Company Inc
AEG Aegon NV
SBUX Starbucks Corp
PFE Pfizer Inc
CRON Cronos Group Inc
CVSI CV Sciences Inc
QCOM Qualcomm Inc

Financials : Consumer Finance |
Based in ChinaCompany profile

Pintec Technology Holdings Ltd is a provider of custom computer programming services. The Company is located in China.

Day's Change
0.07 (0.58%)
B/A Size
Day's High
Day's Low
(Heavy Day)

Today's volume of 36,189 shares is on pace to be much greater than PT's 10-day average volume of 11,198 shares.


Constellation Brands shares slide as Macquarie turns wary on $4 billion cannabis investment

3:25 pm ET November 29, 2018 (MarketWatch)

Shares of Constellations Brands Inc. (STZ) slid 2% Thursday, after Macquarie downgraded the stock to neutral from outperform, and said it has become more wary of the company's $4 billion investment in Canadian cannabis company Canopy Growth Corp. (WEED.T). "We remain bullish on STZ's beer business, but we are more cautious on its earnings outlook," analysts led by Caroline Levy wrote in a note. Canopy's recent earnings showed a loss for its fiscal second quarter and Macquarie is expecting it to remain loss-making for another six quarters. As a result, it now expects Constellation Brands EPS growth to be about 3% in fiscal 2020. "Branding will be key to unlocking value in cannabis business, but the winners are far from clear," said Levy. She expects it to become a big industry, and that the U.S. will decriminalize cannabis at some point soon, but brand building will be costly and unpredictable. "It thus seems difficult to see any near-term profits for Canopy and possibly sub-par returns for many years, if it continues to prioritize sales growth and market share," said the note. Constellation Brands shares have fallen 14% in 2018, while the S&P 500 has gained about 3%.

-Ciara Linnane; 415-439-6400;

(END) Dow Jones Newswires

November 29, 2018 15:25 ET (20:25 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2019 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2019. All rights reserved.