Quipt Home Medical (NASDAQ:QIPT) Releases Quarterly Earnings Results

Quipt Home Medical (NASDAQ:QIPT) released its earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. Quipt Home Medical had a negative return on equity of 6.18% and a negative net margin of 2.66%.

Quipt Home Medical Trading Down 2.3 %

Shares of QIPT stock opened at $2.95 on Wednesday. The stock has a market cap of $127.12 million, a price-to-earnings ratio of -19.67 and a beta of 0.57. The company has a quick ratio of 0.86, a current ratio of 1.20 and a debt-to-equity ratio of 0.73. Quipt Home Medical has a fifty-two week low of $2.30 and a fifty-two week high of $4.98. The firm’s 50 day moving average price is $2.88 and its two-hundred day moving average price is $2.86.

Insider Buying and Selling at Quipt Home Medical

In other news, VP Patrick Dennis Gamble bought 17,000 shares of Quipt Home Medical stock in a transaction dated Thursday, December 26th. The shares were acquired at an average cost of $2.45 per share, with a total value of $41,650.00. Following the completion of the transaction, the vice president now owns 40,057 shares in the company, valued at approximately $98,139.65. This trade represents a 73.73 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.40% of the stock is currently owned by corporate insiders.

Quipt Home Medical Company Profile

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.