WELL Health Technologies (TSE:WELL) Trading Down 5.4% on Analyst Downgrade

WELL Health Technologies Corp. (TSE:WELL - Get Free Report)'s share price traded down 5.4% during trading on Wednesday after Stifel Nicolaus lowered their price target on the stock from C$10.00 to C$9.00. Stifel Nicolaus currently has a buy rating on the stock. WELL Health Technologies traded as low as C$3.68 and last traded at C$4.04. 2,582,407 shares changed hands during mid-day trading, an increase of 163% from the average session volume of 982,258 shares. The stock had previously closed at C$4.27.

Other equities research analysts have also recently issued reports about the company. Scotiabank cut their price target 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, April 16th. 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 report on Wednesday, April 16th. Raymond James boosted their price target on WELL Health Technologies from C$10.00 to C$11.00 in a research note on Tuesday, December 17th. TD Securities reduced 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 note on Wednesday, April 16th. Finally, Royal Bank of Canada dropped their target price on shares of 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$8.08.

WELL Health Technologies Trading Down 4.0 %

The company has a market capitalization of C$949.70 million, a price-to-earnings ratio of 12.88, a P/E/G ratio of -1.93 and a beta of 1.20. 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 business's 50 day moving average price is C$5.07 and its two-hundred day moving average price is C$5.56.

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.