Quisitive Technology Solutions (CVE:QUIS) Trading 46.7% Higher – Here’s Why

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

Wall Street Analysts Forecast Growth

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

Quisitive Technology Solutions Stock Performance

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

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.