Quipt Home Medical Corp. (NASDAQ:QIPT) Shares Sold by Perritt Capital Management Inc

Perritt Capital Management Inc trimmed its holdings in shares of Quipt Home Medical Corp. (NASDAQ:QIPT) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,400 shares of the company’s stock after selling 17,766 shares during the quarter. Perritt Capital Management Inc’s holdings in Quipt Home Medical were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Atom Investors LP acquired a new position in Quipt Home Medical during the third quarter worth $51,000. XTX Topco Ltd purchased a new stake in shares of Quipt Home Medical during the third quarter worth about $54,000. JPMorgan Chase & Co. raised its position in shares of Quipt Home Medical by 68.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,403 shares of the company’s stock worth $89,000 after purchasing an additional 12,383 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Quipt Home Medical in the 4th quarter valued at about $104,000. Finally, Raymond James Financial Inc. acquired a new stake in Quipt Home Medical in the 4th quarter worth about $113,000. Hedge funds and other institutional investors own 42.85% of the company’s stock.

Quipt Home Medical Price Performance

NASDAQ:QIPT opened at $2.25 on Wednesday. The firm has a market cap of $96.95 million, a P/E ratio of -13.23 and a beta of 0.61. The stock has a 50 day moving average of $2.67 and a two-hundred day moving average of $2.72. Quipt Home Medical Corp. has a 12 month low of $2.22 and a 12 month high of $4.35. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.74.

Quipt Home Medical (NASDAQ:QIPT) last issued its quarterly earnings results on Monday, February 10th. The company reported ($0.03) EPS for the quarter. Quipt Home Medical had a negative return on equity of 6.70% and a negative net margin of 2.90%. On average, analysts expect that Quipt Home Medical Corp. will post -0.05 earnings per share for the current fiscal year.

Quipt Home Medical Company Profile

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.