Quisitive Technology Solutions (CVE:QUIS) Reaches New 52-Week High – Here’s Why

Shares of Quisitive Technology Solutions, Inc. (CVE:QUIS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.57 and last traded at C$0.56, with a volume of 75556 shares traded. The stock had previously closed at C$0.56.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Scotiabank downgraded Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$0.50 to C$0.57 in a research note on Friday, January 3rd. Ventum Financial downgraded Quisitive Technology Solutions from a “buy” rating to a “tender” rating and raised their target price for the company from C$0.55 to C$0.57 in a report on Friday, January 3rd. Finally, Raymond James boosted their price objective on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$0.69.

Quisitive Technology Solutions Stock Performance

The firm has a market capitalization of C$109.12 million, a price-to-earnings ratio of -2.88 and a beta of 1.28. The company has a debt-to-equity ratio of 34.66, a quick ratio of 0.88 and a current ratio of 1.48. The business has a fifty day moving average price of C$0.50 and a 200 day moving average price of C$0.42.

About Quisitive Technology Solutions

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.