Quisitive Technology Solutions (CVE:QUIS) Stock Price Up 46.7% – Here’s What Happened

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Raymond James upped their price target on Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the stock a “market perform” rating in a research note on Friday. Ventum Financial cut shares of 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 research note on Friday. Finally, Scotiabank downgraded shares of Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$0.50 to C$0.57 in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$0.69.

Quisitive Technology Solutions Stock Performance

The business’s fifty day moving average price is C$0.37 and its two-hundred day moving average price is C$0.36. 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 stock has a market capitalization of C$153.55 million, a P/E ratio of -18.50 and a beta of 1.28.

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.