Quisitive Technology Solutions (CVE:QUIS) Trading Up 46.7% – What’s Next?

Quisitive Technology Solutions, Inc. (CVE:QUIS)’s share price was up 46.7% during trading on Thursday . The company traded as high as C$0.56 and last traded at C$0.55. Approximately 7,137,575 shares traded hands during trading, an increase of 4,414% from the average daily volume of 158,129 shares. The stock had previously closed at C$0.38.

Analyst Ratings Changes

A number of research firms recently weighed in on QUIS. Ventum Financial lowered shares of 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. Raymond James lifted their price objective 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. Finally, Scotiabank lowered Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$0.50 to C$0.57 in a report on Friday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$0.69.

Quisitive Technology Solutions Price Performance

The firm has a market capitalization of C$153.55 million, a PE ratio of -18.50 and a beta of 1.28. The company 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 debt-to-equity ratio of 35.41, a current ratio of 1.61 and a quick ratio of 0.88.

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.