Quipt Home Medical (TSE:QIPT) Trading 4.3% Higher – Time to Buy?

Quipt Home Medical Corp. (TSE:QIPT)’s share price traded up 4.3% on Tuesday . The stock traded as high as C$4.00 and last traded at C$3.91. 15,254 shares traded hands during trading, a decline of 21% from the average session volume of 19,285 shares. The stock had previously closed at C$3.75.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their target price on shares of Quipt Home Medical from C$8.40 to C$7.50 and set a “buy” rating for the company in a research note on Thursday, November 28th.

Quipt Home Medical Stock Performance

The business has a fifty day moving average of C$4.13 and a two-hundred day moving average of C$3.91. The firm has a market capitalization of C$118.47 million, a price-to-earnings ratio of -16.14 and a beta of 1.01.

Quipt Home Medical Company Profile

Quipt Home Medical Corp provides in-home monitoring equipment, supplies, and services to patients. The company’s services consist of Daily & Ambulatory Aides, Power Mobility, INR Self-Testing, Respiratory Equipment Rental, Home ventilation, Oxygen Therapy, and Sleep Apnea & PAP Treatment.