Quisitive Technology Solutions (CVE:QUIS) Reaches New 52-Week High - What's Next?

Quisitive Technology Solutions, Inc. (CVE:QUIS) experienced a significant milestone recently, reaching a new 52-week high during mid-day trading on Monday. The stock peaked at C$0.56 and concluded the trading session at C$0.55, with a total volume of 640,979 shares traded. The previous close for the stock was also C$0.56, indicating a steady trend in its recent performance.

Analyst Ratings Changes

In light of its recent performance, several brokerages have revised their ratings and price targets for Quisitive Technology Solutions. Ventum Financial downgraded the stock from a "buy" rating to a "tender" rating, while raising its price target from C$0.55 to C$0.57 in a note released on January 3rd. Similarly, Raymond James increased their price target from C$0.54 to C$0.57 and maintained a "market perform" rating for the stock as of the same date. Additionally, Scotiabank adjusted its rating from "outperform" to "sector perform" while also increasing the price target from C$0.50 to C$0.57. Currently, two analysts have assigned a hold rating, and three others advocate a buy rating. Overall, MarketBeat reports a consensus rating of "Moderate Buy" for Quisitive Technology Solutions, with an average target price of C$0.69.

Quisitive Technology Solutions Trading Down 0.9 %

The stock's recent performance shows a slight decline, with a decrease of 0.9%. Over the past fifty days, the stock has maintained an average price of C$0.41, while the two-hundred-day average sits at C$0.38. In terms of financial health, the company presents a quick ratio of 0.88, a current ratio of 1.61, and a notably high debt-to-equity ratio of 35.41. The company's market capitalization stands at C$152.17 million, with a price-to-earnings ratio of -18.33, and a beta value of 1.28, indicating its volatility compared to the market.

About Quisitive Technology Solutions

Quisitive Technology Solutions, Inc. operates through its subsidiaries, primarily offering Microsoft solutions in North America and South Asia. Their product suite includes a variety of Microsoft software products, tools, and services such as 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. Furthermore, the company provides emPerform, an employee performance management solution, and PayiQ, a cloud-based payment processing and intelligence platform.

Should You Invest $1,000 in Quisitive Technology Solutions Right Now?

Before making any investment decisions regarding Quisitive Technology Solutions, investors are encouraged to consider other options. MarketBeat tracks Wall Street's most recommended stocks, and top analysts have identified five stocks as potentially better investments at this time. While Quisitive Technology Solutions is currently rated as a "Moderate Buy," there are alternative opportunities suggested by top analysts.

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