Quisitive Technology Solutions (CVE:QUIS) Shares Up 46.7% After Analyst Upgrade

Quisitive Technology Solutions, Inc. (CVE:QUIS) rose 46.7% on Friday after Raymond James raised their price target on the stock from C$0.54 to C$0.57. Raymond James currently has a market perform rating on the stock. Quisitive Technology Solutions traded as high as C$0.56 and last traded at C$0.55. Approximately 8,653,851 shares were traded during trading, an increase of 5,373% from the average daily volume of 158,129 shares. The stock had previously closed at C$0.38.

Separately, Ventum Financial lowered Quisitive Technology Solutions from a “buy” rating to a “tender” rating and upped their price target for the stock from C$0.55 to C$0.57 in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$0.69.

Quisitive Technology Solutions Stock Performance

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

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.