Quorum Information Technologies (CVE:QIS) Hits New 12-Month High – What’s Next?

Quorum Information Technologies Inc. (CVE:QIS) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.97 and last traded at C$0.97, with a volume of 13500 shares traded. The stock had previously closed at C$0.91.

Analyst Ratings Changes

Separately, Cormark raised their price objective on shares of Quorum Information Technologies from C$0.85 to C$1.00 in a research report on Friday, August 23rd.

Quorum Information Technologies Stock Up 6.6 %

The firm has a market capitalization of C$71.37 million, a PE ratio of 30.67 and a beta of 0.20. The company has a debt-to-equity ratio of 41.17, a current ratio of 2.12 and a quick ratio of 2.13. The company has a 50-day moving average price of C$0.85 and a 200 day moving average price of C$0.84.

Quorum Information Technologies Company Profile

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.