Quipt Home Medical (TSE:QIPT) Trading Down 14.7%

Quipt Home Medical Corp. (TSE:QIPT) traded down 14.7% during mid-day trading on Thursday . The stock traded as low as C$3.80 and last traded at C$3.89. 112,929 shares were traded during trading, an increase of 274% from the average session volume of 30,204 shares. The stock had previously closed at C$4.56.

Analysts Set New Price Targets

Separately, Eight Capital dropped their price objective on shares of Quipt Home Medical from C$13.00 to C$10.00 and set a “buy” rating on the stock in a report on Friday, May 17th.

Quipt Home Medical Price Performance

The stock has a market cap of C$160.49 million, a price-to-earnings ratio of -25.13 and a beta of 1.03. The company’s fifty day simple moving average is C$4.55 and its two-hundred day simple moving average is C$5.15.

Quipt Home Medical Company Profile

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.