WELL Health Technologies (TSE:WELL) Trading Down 6.8% – Here’s What Happened

WELL Health Technologies Corp. (TSE:WELL)’s share price was down 6.8% during trading on Tuesday . The stock traded as low as C$3.68 and last traded at C$3.98. Approximately 2,063,946 shares were traded during mid-day trading, an increase of 112% from the average daily volume of 973,109 shares. The stock had previously closed at C$4.27.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WELL. Scotiabank lowered their price objective on shares of WELL Health Technologies from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stifel Nicolaus decreased their target price on WELL Health Technologies from C$10.00 to C$9.00 and set a “buy” rating on the stock in a report on Wednesday. Ventum Financial decreased their price target on WELL Health Technologies from C$8.00 to C$7.60 and set a “buy” rating for the company in a research report on Wednesday. TD Securities cut their price objective on WELL Health Technologies from C$8.50 to C$7.50 and set a “buy” rating on the stock in a report on Wednesday. Finally, CIBC decreased their target price on shares of WELL Health Technologies from C$7.00 to C$5.00 and set a “neutral” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$8.08.

WELL Health Technologies Price Performance

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 stock has a market capitalization of C$989.69 million, a PE ratio of 13.42, a P/E/G ratio of -1.93 and a beta of 1.20. The stock’s 50-day moving average is C$5.15 and its 200 day moving average is C$5.55.

About WELL Health Technologies

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.