Quisitive Technology Solutions (CVE:QUIS) Trading Up 46.7% – Time to Buy?

Shares of Quisitive Technology Solutions, Inc. (CVE:QUIS) shot up 46.7% during trading on Thursday . The company traded as high as C$0.56 and last traded at C$0.55. 8,652,350 shares traded hands during mid-day trading, an increase of 5,372% 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 analysts recently issued reports on the company. Scotiabank lowered Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$0.50 to C$0.57 in a report on Friday. Ventum Financial cut Quisitive Technology Solutions from a “buy” rating to a “tender” rating and upped their target price for the stock from C$0.55 to C$0.57 in a report on Friday. Finally, Raymond James increased their price target on Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the stock a “market perform” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Quisitive Technology Solutions presently has an average rating of “Moderate Buy” and an average target price of C$0.69.

Quisitive Technology Solutions Stock Performance

The company has a current ratio of 1.61, a quick ratio of 0.88 and a debt-to-equity ratio of 35.41. The stock has a market cap 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.

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.