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

Shares of Quisitive Technology Solutions, Inc. (CVE:QUIS) traded up 46.7% during trading on Thursday . The company traded as high as C$0.56 and last traded at C$0.55. 8,117,550 shares traded hands during trading, an increase of 5,033% from the average session volume of 158,129 shares. The stock had previously closed at C$0.38.

Analysts Set New Price Targets

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

Quisitive Technology Solutions Price Performance

The company has a current ratio of 1.61, a quick ratio of 0.88 and a debt-to-equity ratio of 35.41. The stock has a market capitalization of C$153.55 million, a price-to-earnings ratio of -18.50 and a beta of 1.28. The company’s 50 day moving average is C$0.37 and its 200 day moving average is C$0.36.

Quisitive Technology Solutions Company Profile

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.