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

Quipt Home Medical (NASDAQ:QIPT - Get Free Report) posted its earnings results on Monday. The company reported ($0.03) 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 Stock Performance

Shares of QIPT stock traded up $0.10 on Thursday, reaching $3.00. The stock had a trading volume of 83,767 shares, compared to its average volume of 161,771. The company has a 50 day simple moving average of $2.89 and a 200 day simple moving average of $2.86. Quipt Home Medical has a 1 year low of $2.30 and a 1 year high of $4.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.20. The stock has a market cap of $129.27 million, a P/E ratio of -20.00 and a beta of 0.57.

Insiders Place Their Bets

In other Quipt Home Medical news, VP Patrick Dennis Gamble purchased 17,000 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were acquired at an average price of $2.45 per share, for a total transaction of $41,650.00. Following the completion of the purchase, the vice president now owns 40,057 shares of the company's stock, valued at approximately $98,139.65. The trade was a 73.73 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.40% of the stock is owned by company insiders.

About Quipt Home Medical

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.