Quisitive Technology Solutions (CVE:QUIS) Shares Up 46.7% – What’s Next?

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Scotiabank cut Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$0.50 to C$0.57 in a report on Friday. Raymond James upped their price objective on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the company a “market perform” rating in a research note on Friday. Finally, Ventum Financial downgraded shares of Quisitive Technology Solutions from a “buy” rating to a “tender” rating and lifted their target price for the stock from C$0.55 to C$0.57 in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$0.69.

Quisitive Technology Solutions Stock Up 0.9 %

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 firm has a market capitalization of C$153.55 million, a PE ratio of -18.50 and a beta of 1.28. The business’s 50-day moving average price is C$0.37 and its 200-day moving average price is C$0.36.

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.