Quisitive Technology Solutions (CVE:QUIS) Trading Up 46.7% – Still a Buy?

Quisitive Technology Solutions, Inc. (CVE:QUIS) shares traded up 46.7% on Thursday . The company traded as high as C$0.56 and last traded at C$0.55. 8,653,851 shares were traded during trading, an increase of 5,373% from the average session volume of 158,129 shares. The stock had previously closed at C$0.38.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on QUIS. Raymond James boosted 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 report on Friday. Scotiabank lowered Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$0.50 to C$0.57 in a research note on Friday. Finally, Ventum Financial lowered Quisitive Technology Solutions from a “buy” rating to a “tender” rating and upped their target price for the company from C$0.55 to C$0.57 in a research report on Friday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$0.69.

Quisitive Technology Solutions Price Performance

The company has a quick ratio of 0.88, a current ratio of 1.61 and a debt-to-equity ratio of 35.41. The company has a 50 day simple moving average of C$0.37 and a 200-day simple moving average of C$0.36. The stock has a market cap of C$153.55 million, a price-to-earnings ratio of -18.50 and a beta of 1.28.

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.