Quisitive Technology Solutions (CVE:QUIS) Stock Price Up 46.7% - Still a Buy?

Shares of Quisitive Technology Solutions, Inc. (CVE:QUIS - Get Free Report) rose 46.7% on Friday . The stock traded as high as C$0.56 and last traded at C$0.55. Approximately 8,653,851 shares changed hands 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 Upgrades and Downgrades

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

Quisitive Technology Solutions Stock Up 0.9 %

The business has a 50-day moving average price of C$0.37 and a 200-day moving average price of C$0.36. The stock has a market cap of C$153.55 million, a PE 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.

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.