Quisitive Technology Solutions (CVE:QUIS) Trading 2.6% Higher

Quisitive Technology Solutions, Inc. (CVE:QUIS) shares shot up 2.6% on Tuesday . The stock traded as high as C$0.40 and last traded at C$0.39. 56,300 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 142,378 shares. The stock had previously closed at C$0.38.

Analyst Upgrades and Downgrades

QUIS has been the subject of a number of recent analyst reports. Desjardins upped their price objective on shares of Quisitive Technology Solutions from C$0.60 to C$0.65 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Raymond James increased their price target on Quisitive Technology Solutions from C$0.46 to C$0.54 in a report on Thursday, August 22nd. Finally, Canaccord Genuity Group lifted their price objective on Quisitive Technology Solutions from C$0.75 to C$1.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$0.73.

Quisitive Technology Solutions Stock Up 5.3 %

The company has a market capitalization of C$110.37 million, a price-to-earnings ratio of -12.67 and a beta of 1.29. The firm’s 50 day moving average price is C$0.31 and its two-hundred day moving average price is C$0.32. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 55.85.

Insiders Place Their Bets

In related news, Senior Officer David Scott Meriwether sold 80,986 shares of Quisitive Technology Solutions stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of C$0.34, for a total transaction of C$27,195.10. Company insiders own 14.45% of the company’s stock.

Quisitive Technology Solutions Company Profile

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.