Quisitive Technology Solutions (CVE:QUIS) Trading Up 46.7% - Here's Why

Quisitive Technology Solutions, Inc. (CVE:QUIS - Get Free Report)'s stock price was up 46.7% on Friday . The company traded as high as C$0.56 and last traded at C$0.55. Approximately 8,653,851 shares were traded during trading, an increase of 5,373% from the average daily volume of 158,129 shares. The stock had previously closed at C$0.38.

Analyst Ratings Changes

Several brokerages have recently weighed in on QUIS. Raymond James raised their price target 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. Scotiabank cut Quisitive Technology Solutions from an "outperform" rating to a "sector perform" rating and raised their price objective for the company from C$0.50 to C$0.57 in a report on Friday. Finally, Ventum Financial lowered Quisitive Technology Solutions from a "buy" rating to a "tender" rating and upped their target price for the stock from C$0.55 to C$0.57 in a report on Friday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$0.69.

Quisitive Technology Solutions Trading Up 0.9 %

The company has a market cap of C$153.55 million, a P/E ratio of -18.50 and a beta of 1.28. The company has a quick ratio of 0.88, a current ratio of 1.61 and a debt-to-equity ratio of 35.41. The business has a fifty day moving average price of C$0.37 and a 200-day moving average price of 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.