Quisitive Technology Solutions (CVE:QUIS) Trading Up 46.7% – Should You Buy?

Quisitive Technology Solutions, Inc. (CVE:QUIS)’s stock price rose 46.7% during trading on Thursday . The stock traded as high as C$0.56 and last traded at C$0.55. Approximately 8,653,851 shares traded hands during trading, an increase of 5,373% from the average daily volume of 158,129 shares. The stock had previously closed at C$0.38.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Scotiabank lowered 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 research report on Friday. Ventum Financial downgraded Quisitive Technology Solutions from a “buy” rating to a “tender” rating and upped their price objective for the company 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 stock a “market perform” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$0.69.

Quisitive Technology Solutions Price Performance

The company has a debt-to-equity ratio of 35.41, a quick ratio of 0.88 and a current ratio of 1.61. The firm has a fifty day simple moving average of C$0.37 and a 200 day simple moving average of C$0.36. The company has a market capitalization of C$153.55 million, a PE ratio of -18.50 and a beta of 1.28.

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.