Quipt Home Medical (TSE:QIPT) Stock Price Up 4%

Quipt Home Medical Corp. (TSE:QIPT) shares rose 4% during trading on Monday . The company traded as high as C$4.42 and last traded at C$4.41. Approximately 38,150 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 31,849 shares. The stock had previously closed at C$4.24.

Wall Street Analysts Forecast Growth

Separately, Eight Capital decreased their price target on shares of Quipt Home Medical from C$13.00 to C$10.00 and set a “buy” rating on the stock in a research note on Friday, May 17th.

Quipt Home Medical Stock Performance

The company’s 50 day moving average is C$4.73 and its 200 day moving average is C$5.56. The firm has a market cap of C$187.73 million, a P/E ratio of -29.40 and a beta of 1.06.

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.