Quisitive Technology Solutions (CVE:QUIS) Stock Price Up 46.7% – Here’s What Happened

Quisitive Technology Solutions, Inc. (CVE:QUIS)’s stock price traded up 46.7% during mid-day trading on Thursday . The stock traded as high as C$0.56 and last traded at C$0.55. 8,653,851 shares were traded during mid-day trading, an increase of 5,373% from the average session volume of 158,129 shares. The stock had previously closed at C$0.38.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on QUIS shares. Scotiabank lowered shares of Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$0.50 to C$0.57 in a research report on Friday. Ventum Financial downgraded shares of Quisitive Technology Solutions from a “buy” rating to a “tender” rating and boosted their price objective for the stock from C$0.55 to C$0.57 in a report on Friday. Finally, Raymond James increased their target price on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the company a “market perform” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Quisitive Technology Solutions has an average rating of “Moderate Buy” and a consensus price target of C$0.69.

Quisitive Technology Solutions Price Performance

The company has a current ratio of 1.61, a quick ratio of 0.88 and a debt-to-equity ratio of 35.41. The company has a market capitalization of C$153.55 million, a PE ratio of -18.50 and a beta of 1.28. The company’s 50 day moving average price is C$0.37 and its 200-day moving average price is C$0.36.

Quisitive Technology Solutions Company Profile

Quisitive Technology Solutions, Inc, through its subsidiaries, provides Microsoft solutions primarily in North America and South Asia. It offers a suite of Microsoft software products, tools, and services comprising Microsoft Azure, Microsoft Dynamics, Microsoft 365, Microsoft Fabric, Microsoft Copilot, Azure OpenAI, Microsoft Teams, SharePoint, Azure Synapse, SQL Server, System Center, Microsoft Sentinel, Windows, Azure Virtual Desktop, Power Platform, Power Automate, Power Virtual Agents, Power Apps, Power BI, and Microsoft Viva; emPerform, an employee performance management solution; and PayiQ, a cloud-based payment processing and payments intelligence platform.