Quisitive Technology Solutions (CVE:QUIS) Reaches New 52-Week High – Here’s Why

Quisitive Technology Solutions, Inc. (CVE:QUIS)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.57 and last traded at C$0.56, with a volume of 75556 shares changing hands. The stock had previously closed at C$0.56.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on QUIS shares. Scotiabank cut shares of Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$0.50 to C$0.57 in a report on Friday, January 3rd. Raymond James increased their target price on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Finally, Ventum Financial lowered Quisitive Technology Solutions from a “buy” rating to a “tender” rating and raised their price target for the stock from C$0.55 to C$0.57 in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Quisitive Technology Solutions has an average rating of “Moderate Buy” and a consensus price target of C$0.69.

Quisitive Technology Solutions Stock Performance

The company has a debt-to-equity ratio of 34.66, a current ratio of 1.48 and a quick ratio of 0.88. The business’s 50 day moving average price is C$0.50 and its 200-day moving average price is C$0.42. The firm has a market capitalization of C$109.12 million, a price-to-earnings ratio of -2.88 and a beta of 1.28.

About Quisitive Technology Solutions

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.