Quisitive Technology Solutions (CVE:QUIS) Trading Up 46.7% – Here’s What Happened

Quisitive Technology Solutions, Inc. (CVE:QUIS)’s share price rose 46.7% during trading on Thursday . The stock traded as high as C$0.56 and last traded at C$0.55. Approximately 7,555,550 shares were traded during mid-day trading, an increase of 4,678% from the average daily volume of 158,129 shares. The stock had previously closed at C$0.38.

Wall Street Analyst Weigh In

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

Quisitive Technology Solutions Stock Up 0.9 %

The company has a debt-to-equity ratio of 35.41, a quick ratio of 0.88 and a current ratio of 1.61. The stock has a market cap of C$153.55 million, a price-to-earnings ratio of -18.50 and a beta of 1.28. The business’s 50 day moving average is C$0.37 and its 200 day moving average is C$0.36.

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.