WELL Health Technologies (TSE:WELL) Trading Down 6.8% - Here's What Happened

Shares of WELL Health Technologies Corp. (TSE:WELL - Get Free Report) fell 6.8% on Tuesday . The stock traded as low as C$3.68 and last traded at C$3.98. 2,063,946 shares traded hands during mid-day trading, an increase of 112% from the average session volume of 973,109 shares. The stock had previously closed at C$4.27.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. TD Securities decreased their price target on shares of WELL Health Technologies from C$8.50 to C$7.50 and set a "buy" rating on the stock in a research note on Wednesday. Stifel Nicolaus cut their price target on WELL Health Technologies from C$10.00 to C$9.00 and set a "buy" rating for the company in a report on Wednesday. Scotiabank lowered their price objective on WELL Health Technologies from C$8.00 to C$7.00 and set an "outperform" rating for the company in a research report on Wednesday. Ventum Financial reduced their target price on WELL Health Technologies from C$8.00 to C$7.60 and set a "buy" rating on the stock in a research report on Wednesday. Finally, CIBC lowered their price target on WELL Health Technologies from C$7.00 to C$5.00 and set a "neutral" rating for the company in a report on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, WELL Health Technologies has an average rating of "Moderate Buy" and an average price target of C$8.08.

WELL Health Technologies Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.14 and a debt-to-equity ratio of 46.79. The company has a market capitalization of C$989.69 million, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of -1.93 and a beta of 1.20. The company has a 50 day simple moving average of C$5.07 and a 200 day simple moving average of C$5.55.

WELL Health Technologies Company Profile

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.