Quisitive Technology Solutions (CVE:QUIS) Shares Up 46.7% - Should You Buy?

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

Wall Street Analyst Weigh In

QUIS has been the subject of several research analyst reports. Scotiabank downgraded shares of Quisitive Technology Solutions from an "outperform" rating to a "sector perform" rating and upped their price objective for the stock from C$0.50 to C$0.57 in a report on Friday. Ventum Financial lowered shares of Quisitive Technology Solutions from a "buy" rating to a "tender" rating and upped their price target for the stock from C$0.55 to C$0.57 in a research note on Friday. Finally, Raymond James raised their price objective on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the company a "market perform" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$0.69.

Quisitive Technology Solutions Price Performance

The company has a market cap of C$153.55 million, a price-to-earnings ratio of -18.50 and a beta of 1.28. The company has a current ratio of 1.61, a quick ratio of 0.88 and a debt-to-equity ratio of 35.41. The business has a 50-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.