Quipt Home Medical (NASDAQ:QIPT) Issues Quarterly Earnings Results

Quipt Home Medical (NASDAQ:QIPT) released its earnings results on Monday. The company reported ($0.03) earnings per share for the quarter, Zacks reports. Quipt Home Medical had a negative net margin of 2.66% and a negative return on equity of 6.18%.

Quipt Home Medical Stock Down 2.3 %

QIPT stock opened at $2.95 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.20 and a quick ratio of 0.86. Quipt Home Medical has a 1-year low of $2.30 and a 1-year high of $4.98. The firm has a fifty day moving average price of $2.88 and a two-hundred day moving average price of $2.86. The firm has a market cap of $127.12 million, a price-to-earnings ratio of -19.67 and a beta of 0.57.

Insider Buying and Selling at Quipt Home Medical

In other news, VP Patrick Dennis Gamble purchased 17,000 shares of Quipt Home Medical stock in a transaction dated Thursday, December 26th. The stock was bought at an average price of $2.45 per share, with a total value of $41,650.00. Following the completion of the acquisition, the vice president now owns 40,057 shares in the company, valued at $98,139.65. The trade was a 73.73 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.40% of the stock is owned by insiders.

Quipt Home Medical Company Profile

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.