Quisitive Technology Solutions (CVE:QUIS) Stock Price Up 46.7% – Here’s What Happened

Quisitive Technology Solutions, Inc. (CVE:QUIS) shares were up 46.7% during mid-day trading on Thursday . The stock traded as high as C$0.56 and last traded at C$0.55. Approximately 8,653,851 shares changed hands during mid-day trading, an increase of 5,373% from the average daily volume of 158,129 shares. The stock had previously closed at C$0.38.

Analyst Ratings Changes

Several brokerages recently commented on QUIS. Raymond James upped their price target on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the stock a “market perform” rating in a research report on Friday. Ventum Financial lowered Quisitive Technology Solutions from a “buy” rating to a “tender” rating and increased their target price for the stock from C$0.55 to C$0.57 in a research report on Friday. Finally, Scotiabank downgraded Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$0.50 to C$0.57 in a research report on Friday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Quisitive Technology Solutions currently has an average rating of “Moderate Buy” and an average price target of C$0.69.

Quisitive Technology Solutions Price Performance

The firm has a market cap of C$153.55 million, a price-to-earnings ratio of -18.50 and a beta of 1.28. The company has a debt-to-equity ratio of 35.41, a quick ratio of 0.88 and a current ratio of 1.61. The company’s fifty 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.