Quisitive Technology Solutions (CVE:QUIS) Trading 46.7% Higher – Here’s Why

Quisitive Technology Solutions, Inc. (CVE:QUIS) shot up 46.7% during trading on Thursday . The company traded as high as C$0.56 and last traded at C$0.55. 4,588,175 shares were traded during mid-day trading, an increase of 2,802% from the average session volume of 158,129 shares. The stock had previously closed at C$0.38.

Analyst Upgrades and Downgrades

QUIS has been the subject of several recent research reports. Scotiabank cut Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$0.50 to C$0.57 in a research note on Friday. Ventum Financial downgraded shares of Quisitive Technology Solutions from a “buy” rating to a “tender” rating and boosted their target price for the stock from C$0.55 to C$0.57 in a research report on Friday. Finally, Raymond James raised their price target on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the company a “market perform” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$0.69.

Quisitive Technology Solutions Stock Performance

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

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.