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

Quisitive Technology Solutions, Inc. (CVE:QUIS) rose 46.7% during mid-day trading on Thursday . The stock traded as high as C$0.56 and last traded at C$0.55. Approximately 6,744,274 shares were traded during trading, an increase of 4,165% from the average daily 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 the stock. Raymond James boosted their target price on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the stock a “market perform” rating in a research report on Friday. Ventum Financial lowered Quisitive Technology Solutions from a “buy” rating to a “tender” rating and boosted their price target for the stock from C$0.55 to C$0.57 in a research note on Friday. Finally, Scotiabank downgraded Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$0.50 to C$0.57 in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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 cap of C$153.55 million, a price-to-earnings ratio of -18.50 and a beta of 1.28. The business has a 50-day moving average price of C$0.37 and a 200 day moving average price of C$0.36.

About Quisitive Technology Solutions

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.