Quipt Home Medical (TSE:QIPT) Trading Up 0.9% – Time to Buy?

Quipt Home Medical Corp. (TSE:QIPT)’s share price was up 0.9% on Thursday . The company traded as high as C$3.50 and last traded at C$3.48. Approximately 39,637 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 30,648 shares. The stock had previously closed at C$3.45.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reduced their price objective on Quipt Home Medical from C$8.40 to C$7.50 and set a “buy” rating on the stock in a research note on Thursday, November 28th.

Quipt Home Medical Stock Up 2.6 %

The firm has a market cap of C$153.83 million, a price-to-earnings ratio of -21.00 and a beta of 1.01. The company has a 50 day moving average of C$3.74 and a 200 day moving average of C$4.05.

About Quipt Home Medical

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.