WELL Health Technologies (TSE:WELL) Trading Down 6.6% - Should You Sell?

WELL Health Technologies Corp. (TSE:WELL - Get Free Report)'s share price dropped 6.6% during mid-day trading on Tuesday . The company traded as low as C$3.68 and last traded at C$3.99. Approximately 1,391,486 shares traded hands during trading, an increase of 45% from the average daily volume of 959,924 shares. The stock had previously closed at C$4.27.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on WELL shares. Ventum Financial lowered their price target on shares of WELL Health Technologies from C$8.00 to C$7.60 and set a "buy" rating for the company in a research report on Wednesday. TD Securities dropped their target price on shares of WELL Health Technologies from C$8.50 to C$7.50 and set a "buy" rating for the company in a research report on Wednesday. Scotiabank reduced their price target on WELL Health Technologies from C$8.00 to C$7.00 and set an "outperform" rating on the stock in a research report on Wednesday. CIBC cut their target price on WELL Health Technologies from C$7.00 to C$5.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada decreased their target price on WELL Health Technologies from C$8.50 to C$7.50 and set an "outperform" rating for the company in a research report on Monday, March 31st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, WELL Health Technologies presently has an average rating of "Moderate Buy" and a consensus target price of C$8.08.

WELL Health Technologies Stock Up 1.3 %

The company has a debt-to-equity ratio of 46.79, a quick ratio of 1.02 and a current ratio of 1.14. The firm's fifty day simple moving average is C$5.07 and its 200 day simple moving average is C$5.54. The stock has a market capitalization of C$989.69 million, a price-to-earnings ratio of 13.42, a P/E/G ratio of -1.93 and a beta of 1.20.

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.