Quorum Information Technologies (CVE:QIS) Trading Up 2.2% - Still a Buy?

Quorum Information Technologies Inc. (CVE:QIS - Get Free Report)'s stock price was up 2.2% during trading on Tuesday . The stock traded as high as C$0.94 and last traded at C$0.94. Approximately 37,500 shares were traded during mid-day trading, an increase of 119% from the average daily volume of 17,154 shares. The stock had previously closed at C$0.92.

Quorum Information Technologies Price Performance

The company has a current ratio of 1.99, a quick ratio of 2.13 and a debt-to-equity ratio of 28.76. The business's 50 day moving average price is C$0.96 and its two-hundred day moving average price is C$0.92. The stock has a market cap of C$67.71 million, a P/E ratio of 22.61 and a beta of 0.20.

Quorum Information Technologies Company Profile

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.