Quorum Information Technologies (CVE:QIS) Trading Down 1.9%

Quorum Information Technologies Inc (CVE:QIS) shares traded down 1.9% during mid-day trading on Thursday . The company traded as low as C$1.05 and last traded at C$1.05, 7,600 shares were traded during mid-day trading. A decline of 75% from the average session volume of 30,369 shares. The stock had previously closed at C$1.07.

Separately, Pi Financial set a C$1.65 target price on shares of Quorum Information Technologies and gave the company a “buy” rating in a research report on Wednesday, November 20th.

The stock’s 50-day moving average is C$1.00 and its 200-day moving average is C$0.91. The stock has a market cap of $75.12 million and a P/E ratio of 350.00. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 48.24.

Quorum Information Technologies (CVE:QIS) last announced its earnings results on Thursday, November 14th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$8.58 million during the quarter, compared to the consensus estimate of C$8.18 million. On average, equities analysts forecast that Quorum Information Technologies Inc will post 0.01 EPS for the current year.

Quorum Information Technologies Company Profile (CVE:QIS)

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. It develops, markets, implements, and supports XSELLERATOR, a dealership and customer management system that automates, integrates, and streamlines various processes across departments in a dealership; and Autovance Desk, an automotive sales desking system.

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