WELL Health Technologies (TSE:WELL) Trading Down 4.9% - Here's What Happened

WELL Health Technologies Corp. (TSE:WELL - Get Free Report)'s stock price was down 4.9% on Tuesday . The company traded as low as C$3.68 and last traded at C$4.06. Approximately 1,670,318 shares were traded during trading, an increase of 73% from the average daily volume of 968,118 shares. The stock had previously closed at C$4.27.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WELL. Royal Bank of Canada cut 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. Stifel Nicolaus cut their target price on WELL Health Technologies from C$10.00 to C$9.00 and set a "buy" rating on the stock in a research report on Wednesday. Ventum Financial cut their price target on shares of WELL Health Technologies from C$8.00 to C$7.60 and set a "buy" rating on the stock in a report on Wednesday. TD Securities lowered their price objective 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 report on Wednesday. Finally, Scotiabank reduced 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 note on Wednesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, WELL Health Technologies presently has an average rating of "Moderate Buy" and a consensus price target of C$8.08.

WELL Health Technologies Stock Performance

The firm has a market capitalization of C$989.69 million, a P/E ratio of 13.42, a price-to-earnings-growth ratio of -1.93 and a beta of 1.20. 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 stock has a 50-day moving average of C$5.07 and a 200 day moving average of C$5.55.

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.