Quisitive Technology Solutions (CVE:QUIS) Cut to “Sector Perform” at Scotiabank

Quisitive Technology Solutions (CVE:QUIS) was downgraded by equities research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Friday,BayStreet.CA reports. They currently have a C$0.57 price target on the stock, up from their prior price target of C$0.50. Scotiabank’s target price points to a potential upside of 2.70% from the company’s current price.

QUIS has been the subject of a number of other research reports. Ventum Financial lowered Quisitive Technology Solutions from a “buy” rating to a “tender” rating and lifted their target price for the company from C$0.55 to C$0.57 in a report on Friday. Raymond James upped their price objective on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the company a “market perform” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$0.69.

Quisitive Technology Solutions Stock Performance

Quisitive Technology Solutions stock traded up C$0.01 during trading on Friday, hitting C$0.56. The stock had a trading volume of 414,100 shares, compared to its average volume of 4,529,725. The company has a quick ratio of 0.88, a current ratio of 1.61 and a debt-to-equity ratio of 35.41. The stock has a market cap of C$153.55 million, a price-to-earnings ratio of -18.50 and a beta of 1.28. Quisitive Technology Solutions has a 1 year low of C$0.25 and a 1 year high of C$0.56. The stock’s 50 day moving average is C$0.37 and its two-hundred day moving average 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.