Quipt Home Medical (TSE:QIPT) Trading 0.2% Higher – Still a Buy?

Quipt Home Medical Corp. (TSE:QIPT)’s stock price shot up 0.2% on Friday . The stock traded as high as C$4.35 and last traded at C$4.34. 20,518 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 23,032 shares. The stock had previously closed at C$4.33.

Analysts Set New Price Targets

Separately, Stifel Nicolaus cut their price target on shares of Quipt Home Medical from C$8.40 to C$7.50 and set a “buy” rating for the company in a report on Thursday, November 28th.

Quipt Home Medical Stock Performance

The company has a 50 day moving average of C$3.80 and a 200 day moving average of C$4.01. The stock has a market capitalization of C$187.01 million, a price-to-earnings ratio of -25.53 and a beta of 1.01.

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.