WELL Health Technologies (TSE:WELL) Announces Earnings Results

WELL Health Technologies (TSE:WELL) released its quarterly earnings data on Thursday. The company reported C$0.20 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$384.77 million during the quarter. WELL Health Technologies had a negative return on equity of 5.13% and a negative net margin of 3.58%.

WELL Health Technologies Stock Down 3.6%

WELL Health Technologies stock traded down C$0.15 during trading hours on Thursday, hitting C$4.06. 856,245 shares of the stock traded hands, compared to its average volume of 1,346,618. WELL Health Technologies has a one year low of C$3.58 and a one year high of C$6.08. The firm’s 50-day moving average price is C$4.11 and its two-hundred day moving average price is C$4.39. The company has a current ratio of 0.92, a quick ratio of 1.02 and a debt-to-equity ratio of 73.92. The company has a market cap of C$1.03 billion, a PE ratio of -45.11, a PEG ratio of -1.93 and a beta of 0.85.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Scotiabank decreased their target price on WELL Health Technologies from C$7.00 to C$6.50 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Canadian Imperial Bank of Commerce upgraded shares of WELL Health Technologies from a “neutral” rating to an “outperform” rating in a report on Wednesday, December 3rd. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, WELL Health Technologies currently has an average rating of “Buy” and a consensus target price of C$7.35.

About WELL Health Technologies

WELL Health Technologies Corp is the owner and operator of a portfolio of Primary Hclinics delivering healthcare-related services It operates through below segments: clinical operations and allied health, Electronic medical record (EMR), Billing and revenue cycle management solutions, Digital apps, Cybersecurity, CRH, MyHealth, and corporate/shared services. Its segments are grouped in three divisions; Omni-channel Patient Services – Primary includes clinical operations and allied health. Omni-channel Patient Services – Specialized comprises CRH and MyHealth under two segments.