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

Quisitive Technology Solutions, Inc. (CVE:QUIS)’s share price rose 46.7% during mid-day trading on Thursday . The company traded as high as C$0.56 and last traded at C$0.55. Approximately 8,653,851 shares traded 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.

Analyst Ratings Changes

Several brokerages have recently weighed in on QUIS. Ventum Financial cut shares of Quisitive Technology Solutions from a “buy” rating to a “tender” rating and increased their price objective for the stock from C$0.55 to C$0.57 in a research note on Friday. Scotiabank cut shares of Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from C$0.50 to C$0.57 in a research note on Friday. Finally, Raymond James upped their price objective on Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the stock a “market perform” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$0.69.

Quisitive Technology Solutions Stock 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 business has a 50 day moving average price of C$0.37 and a two-hundred day moving average price of C$0.36. The stock has a market cap of C$153.55 million, a P/E ratio of -18.50 and a beta of 1.28.

About Quisitive Technology Solutions

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.