WELL Health Technologies (TSE:WELL) Trading Down 2.6% - Here's Why

WELL Health Technologies Corp. (TSE:WELL - Get Free Report) dropped 2.6% on Thursday . The company traded as low as C$6.01 and last traded at C$6.09. Approximately 557,700 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 787,948 shares. The stock had previously closed at C$6.25.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on WELL shares. CIBC upped their price target on WELL Health Technologies from C$5.25 to C$7.00 in a research report on Friday, December 13th. Royal Bank of Canada upped their target price on WELL Health Technologies from C$7.00 to C$8.50 in a report on Tuesday, January 7th. TD Securities upped their target price on WELL Health Technologies from C$8.00 to C$8.50 in a report on Tuesday, December 17th. Haywood Securities upped their target price on WELL Health Technologies from C$8.00 to C$10.00 in a report on Friday, December 13th. Finally, Raymond James upped their price target on WELL Health Technologies from C$10.00 to C$11.00 in a research note on Tuesday, December 17th.

WELL Health Technologies Price Performance

The company has a current ratio of 1.14, a quick ratio of 1.02 and a debt-to-equity ratio of 46.79. The company has a market cap of C$1.53 billion, a PE ratio of 20.74, a P/E/G ratio of -1.93 and a beta of 1.20. The firm has a 50 day moving average of C$6.60 and a two-hundred day moving average of C$5.42.

About WELL Health Technologies

WELL Health Technologies Corp. operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally. It provides omni-channel patient services and solutions to specific markets, such as provider staffing, anesthesia, gastrointestinal health, women's health, primary care, and mental healthcare.