Quorum Information Technologies (CVE:QIS) Stock Price Up 1.2% – Still a Buy?

Quorum Information Technologies Inc. (CVE:QIS) rose 1.2% during trading on Monday . The stock traded as high as C$0.88 and last traded at C$0.87. Approximately 13,200 shares were traded during trading, a decline of 40% from the average daily volume of 21,962 shares. The stock had previously closed at C$0.86.

Analyst Ratings Changes

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

Quorum Information Technologies Trading Up 3.6 %

The company has a current ratio of 2.12, a quick ratio of 2.13 and a debt-to-equity ratio of 41.17. The firm has a market cap of C$63.28 million, a price-to-earnings ratio of 30.67 and a beta of 0.20. The company has a fifty day moving average price of C$0.87 and a 200-day moving average price of C$0.82.

Quorum Information Technologies (CVE:QIS) last announced its quarterly earnings results on Wednesday, August 21st. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$9.95 million during the quarter, compared to the consensus estimate of C$10.30 million. Quorum Information Technologies had a return on equity of 0.53% and a net margin of 0.36%. As a group, research analysts expect that Quorum Information Technologies Inc. will post 0.0500305 EPS for the current year.

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.