WELL Health Technologies (TSE:WELL) Trading Down 5.4% – Time to Sell?

WELL Health Technologies Corp. (TSE:WELL)’s stock price was down 5.4% during mid-day trading on Tuesday . The stock traded as low as C$3.68 and last traded at C$4.04. Approximately 1,813,477 shares changed hands during mid-day trading, an increase of 87% from the average daily volume of 971,328 shares. The stock had previously closed at C$4.27.

Analyst Upgrades and Downgrades

A number of analysts have commented on WELL shares. Raymond James boosted their price target on shares of WELL Health Technologies from C$10.00 to C$11.00 in a research note on Tuesday, December 17th. Royal Bank of Canada decreased their price objective on WELL Health Technologies from C$8.50 to C$7.50 and set an “outperform” rating for the company in a report on Monday, March 31st. TD Securities lifted their target price on WELL Health Technologies from C$8.00 to C$8.50 in a research report on Tuesday, December 17th. Ventum Financial raised their price objective on WELL Health Technologies from C$7.50 to C$8.00 in a research note on Thursday, January 30th. Finally, Scotiabank upped their target price on shares of WELL Health Technologies from C$6.00 to C$7.00 in a research note on Monday, December 16th.

WELL Health Technologies Stock Performance

The firm has a market cap of C$1.00 billion, a PE ratio of 13.62, a PEG ratio of -1.93 and a beta of 1.20. The company has a quick ratio of 1.02, a current ratio of 1.14 and a debt-to-equity ratio of 46.79. The company has a 50-day simple moving average of C$5.24 and a two-hundred day simple moving average of C$5.57.

WELL Health Technologies Company Profile

WELL Health Technologies Corp. operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally. It provides omni-channel patient services and solutions to specific markets, such as provider staffing, anesthesia, gastrointestinal health, women's health, primary care, and mental healthcare.