Quorum Information Technologies Inc. (CVE:QIS - Get Free Report) shot up 1.2% during mid-day trading on Monday . The company traded as high as C$0.88 and last traded at C$0.87. 13,200 shares changed hands during trading, a decline of 40% from the average session volume of 21,962 shares. The stock had previously closed at C$0.86.
Analyst Ratings Changes
Separately, Cormark upped their price objective on Quorum Information Technologies from C$0.85 to C$1.00 in a research note on Friday, August 23rd.
View Our Latest Analysis on QIS
Quorum Information Technologies Price Performance
The company has a debt-to-equity ratio of 41.17, a current ratio of 2.12 and a quick ratio of 2.13. The company has a 50 day moving average price of C$0.87 and a 200 day moving average price of C$0.81. The firm has a market cap of C$64.01 million, a PE ratio of 30.67 and a beta of 0.20.
Quorum Information Technologies (CVE:QIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The company reported C$0.01 EPS for the quarter. Quorum Information Technologies had a net margin of 0.36% and a return on equity of 0.53%. The company had revenue of C$9.95 million during the quarter, compared to the consensus estimate of C$10.30 million. Sell-side analysts expect that Quorum Information Technologies Inc. will post 0.0500305 EPS for the current fiscal year.
About Quorum Information Technologies
(
Get Free Report)
Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.
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