Quorum Information Technologies (CVE:QIS) Stock Price Down 5.4%

Quorum Information Technologies Inc. (CVE:QIS) shares traded down 5.4% on Friday . The stock traded as low as C$0.88 and last traded at C$0.88. 1,000 shares changed hands during trading, a decline of 95% from the average session volume of 21,120 shares. The stock had previously closed at C$0.93.

Wall Street Analyst Weigh In

Separately, Cormark raised their price objective on shares of Quorum Information Technologies from C$0.85 to C$1.00 in a research report on Friday, August 23rd.

Quorum Information Technologies Stock Performance

The company has a quick ratio of 2.13, a current ratio of 2.12 and a debt-to-equity ratio of 41.17. The company has a market capitalization of C$64.75 million, a P/E ratio of 30.67 and a beta of 0.21. The company’s 50-day moving average is C$0.89 and its two-hundred day moving average is C$0.78.

Quorum Information Technologies Company Profile

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.