Vitalhub (TSE:VHI) Sets New 52-Week Low – Time to Sell?

Vitalhub Corp. (TSE:VHI)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$6.62 and last traded at C$6.73, with a volume of 227868 shares trading hands. The stock had previously closed at C$6.80.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VHI. ATB Cormark Capital Markets cut their price target on shares of Vitalhub from C$16.50 to C$15.00 and set an “outperform” rating on the stock in a report on Tuesday, March 10th. National Bank Financial decreased their price objective on shares of Vitalhub from C$14.00 to C$11.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Finally, Raymond James Financial lowered their price objective on shares of Vitalhub from C$15.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$13.14.

Vitalhub Stock Performance

The firm has a 50 day moving average price of C$7.50 and a two-hundred day moving average price of C$8.04. The company has a market cap of C$428.90 million, a P/E ratio of 56.50, a P/E/G ratio of 1.18 and a beta of 0.88.

Vitalhub (TSE:VHI) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$31.91 million for the quarter. Vitalhub had a return on equity of 2.98% and a net margin of 6.13%. On average, sell-side analysts predict that Vitalhub Corp. will post 0.2296467 EPS for the current fiscal year.

Insider Activity

In other Vitalhub news, Director Francis Nelson Shen purchased 50,000 shares of the stock in a transaction dated Thursday, March 26th. The shares were bought at an average price of C$6.99 per share, with a total value of C$349,500.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at approximately C$349,500. This trade represents a ∞ increase in their position. Also, Director Steve Garrington sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of C$7.17, for a total transaction of C$71,700.00. Following the sale, the director owned 50,000 shares in the company, valued at C$358,500. The trade was a 16.67% decrease in their ownership of the stock. Insiders own 18.57% of the company’s stock.

Vitalhub Company Profile

Vitalhub Corp is Canada-based firm that develops technology solutions for health and human services providers in the mental health (child through adult), long term care, community health service, home health, social service, and acute care sectors. Its technologies include blockchain, mobile, patient flow, web-based assessment, and electronic health record solutions.