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

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

Separately, Ventum Financial lowered shares of Quisitive Technology Solutions from a “buy” rating to a “tender” rating and boosted their price target for the company from C$0.55 to C$0.57 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. Based on data from MarketBeat, Quisitive Technology Solutions has an average rating of “Moderate Buy” and a consensus target price of C$0.69.

Quisitive Technology Solutions Stock Performance

The firm has a fifty day moving average of C$0.37 and a 200-day moving average of C$0.36. The company has a quick ratio of 0.88, a current ratio of 1.61 and a debt-to-equity ratio of 35.41. The firm has a market cap 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.