Quisitive Technology Solutions (CVE:QUIS) Stock Price Up 46.7% - Here's What Happened

Quisitive Technology Solutions, Inc. (CVE:QUIS - Get Free Report)'s stock price shot up 46.7% on Friday . The stock traded as high as C$0.56 and last traded at C$0.55. 8,653,851 shares were traded 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.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Ventum Financial downgraded Quisitive Technology Solutions from a "buy" rating to a "tender" rating and lifted their price target for the stock from C$0.55 to C$0.57 in a research report on Friday. Scotiabank lowered shares of Quisitive Technology Solutions from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from C$0.50 to C$0.57 in a research report on Friday. Finally, Raymond James increased 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 report on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$0.69.

Quisitive Technology Solutions Trading Up 0.9 %

The company has a debt-to-equity ratio of 35.41, a current ratio of 1.61 and a quick ratio of 0.88. The business's 50 day simple moving average is C$0.37 and its 200 day simple moving average is C$0.36. The stock has a market cap of C$153.55 million, a P/E ratio of -18.50 and a beta of 1.28.

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.