Quorum Information Technologies (CVE:QIS) Sets New 12-Month High – Here’s What Happened

Quorum Information Technologies Inc. (CVE:QIS) reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.97 and last traded at C$0.97, with a volume of 13500 shares trading hands. The stock had previously closed at C$0.91.

Wall Street Analyst Weigh In

Separately, Cormark raised their price objective on Quorum Information Technologies from C$0.85 to C$1.00 in a report on Friday, August 23rd.

Quorum Information Technologies Stock Up 2.2 %

The stock has a market capitalization of C$69.17 million, a price-to-earnings ratio of 30.67 and a beta of 0.20. The company has a quick ratio of 2.13, a current ratio of 2.12 and a debt-to-equity ratio of 41.17. The business’s 50-day moving average is C$0.85 and its two-hundred day moving average is C$0.84.

Quorum Information Technologies Company Profile

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.