Quorum Information Technologies (CVE:QIS) Sets New 52-Week High at $0.95

Quorum Information Technologies Inc. (CVE:QIS)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$0.95 and last traded at C$0.90, with a volume of 6901 shares changing hands. The stock had previously closed at C$0.90.

Quorum Information Technologies Stock Performance

The company has a market capitalization of C$66.19 million, a price-to-earnings ratio of 30.00 and a beta of 0.21. The company has a debt-to-equity ratio of 42.35, a quick ratio of 2.13 and a current ratio of 1.99. The stock’s 50-day moving average price is C$0.83 and its 200-day moving average price is C$0.75.

Quorum Information Technologies (CVE:QIS) last announced its quarterly earnings results on Wednesday, May 29th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$10.06 million during the quarter, compared to analysts’ expectations of C$10.00 million. Quorum Information Technologies had a return on equity of 7.08% and a net margin of 4.74%. As a group, equities research analysts expect that Quorum Information Technologies Inc. will post 0.0499703 earnings per share for the current year.

Quorum Information Technologies Company Profile

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.