Quisitive Technology Solutions (CVE:QUIS) Trading 46.7% Higher – Time to Buy?

Quisitive Technology Solutions, Inc. (CVE:QUIS)’s share price shot up 46.7% on Thursday . The company traded as high as C$0.56 and last traded at C$0.55. 7,348,575 shares were traded during mid-day trading, an increase of 4,547% 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 the company. Scotiabank lowered Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$0.50 to C$0.57 in a research note on Friday. Ventum Financial downgraded shares of Quisitive Technology Solutions from a “buy” rating to a “tender” rating and increased their target price for the stock from C$0.55 to C$0.57 in a research report on Friday. Finally, Raymond James lifted their price target on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the company a “market perform” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Quisitive Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of C$0.69.

Quisitive Technology Solutions Trading Up 0.9 %

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 firm 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.