WELL Health Technologies (TSE:WELL) Shares Down 5.4% - Here's Why

WELL Health Technologies Corp. (TSE:WELL - Get Free Report) was down 5.4% during mid-day trading on Tuesday . The stock traded as low as C$3.68 and last traded at C$4.04. Approximately 1,813,477 shares were traded during mid-day trading, an increase of 87% from the average daily volume of 971,328 shares. The stock had previously closed at C$4.27.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Ventum Financial reduced 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. Stifel Nicolaus decreased 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. CIBC dropped 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 research report on Wednesday. TD Securities decreased their price objective on WELL Health Technologies from C$8.50 to C$7.50 and set a "buy" rating on the stock in a report on Wednesday. Finally, Scotiabank lowered their target price on shares of WELL Health Technologies from C$8.00 to C$7.00 and set an "outperform" rating on the stock in a research note on Wednesday. One research 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, the company 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 market cap 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 stock has a 50 day simple moving average of C$5.11 and a two-hundred day simple moving average of C$5.55. The company has a debt-to-equity ratio of 46.79, a current ratio of 1.14 and a quick ratio of 1.02.

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.