Quipt Home Medical (NASDAQ:QIPT) Announces Quarterly Earnings Results

Quipt Home Medical (NASDAQ:QIPT) posted its quarterly earnings results on Monday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.08), Zacks reports. Quipt Home Medical had a negative net margin of 1.95% and a negative return on equity of 4.51%.

Quipt Home Medical Stock Up 2.0 %

Shares of NASDAQ:QIPT traded up $0.06 on Monday, hitting $3.07. 331,045 shares of the company’s stock were exchanged, compared to its average volume of 184,882. The firm’s 50-day moving average is $2.70 and its 200 day moving average is $2.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.77 and a current ratio of 1.11. The company has a market capitalization of $132.29 million, a PE ratio of -27.36 and a beta of 0.62. Quipt Home Medical has a 1-year low of $2.34 and a 1-year high of $5.29.

Wall Street Analyst Weigh In

Separately, Benchmark cut their target price on shares of Quipt Home Medical from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $6.25.

About Quipt Home Medical

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.