Quisitive Technology Solutions (CVE:QUIS) Shares Up 46.7% – Here’s Why

Quisitive Technology Solutions, Inc. (CVE:QUIS) shares shot up 46.7% during mid-day trading on Thursday . The company traded as high as C$0.56 and last traded at C$0.55. 8,653,851 shares changed hands during mid-day trading, an increase of 5,373% from the average session volume of 158,129 shares. The stock had previously closed at C$0.38.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on QUIS shares. Scotiabank cut shares of Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$0.50 to C$0.57 in a research report on Friday. Raymond James raised their price target on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the stock a “market perform” rating in a report on Friday. Finally, Ventum Financial cut Quisitive Technology Solutions from a “buy” rating to a “tender” rating and upped their price objective for the company from C$0.55 to C$0.57 in a report on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Quisitive Technology Solutions has a consensus rating of “Moderate Buy” and a consensus price target of C$0.69.

Quisitive Technology Solutions Trading Up 0.9 %

The business’s 50-day simple moving average is C$0.37 and its two-hundred day simple moving average is C$0.36. The firm has a market capitalization of C$153.55 million, a price-to-earnings ratio of -18.50 and a beta of 1.28. The company has a quick ratio of 0.88, a current ratio of 1.61 and a debt-to-equity ratio of 35.41.

Quisitive Technology Solutions Company Profile

Quisitive Technology Solutions, Inc, through its subsidiaries, provides Microsoft solutions primarily in North America and South Asia. It offers a suite of Microsoft software products, tools, and services comprising Microsoft Azure, Microsoft Dynamics, Microsoft 365, Microsoft Fabric, Microsoft Copilot, Azure OpenAI, Microsoft Teams, SharePoint, Azure Synapse, SQL Server, System Center, Microsoft Sentinel, Windows, Azure Virtual Desktop, Power Platform, Power Automate, Power Virtual Agents, Power Apps, Power BI, and Microsoft Viva; emPerform, an employee performance management solution; and PayiQ, a cloud-based payment processing and payments intelligence platform.