Quisitive Technology Solutions (CVE:QUIS) Stock Price Up 46.7% Following Analyst Upgrade

Quisitive Technology Solutions, Inc. (CVE:QUIS) shares traded up 46.7% during mid-day 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 changed hands during 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 downgraded shares of Quisitive Technology Solutions from a “buy” rating to a “tender” rating and boosted their target price for the company from C$0.55 to C$0.57 in a research report on Friday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$0.69.

Quisitive Technology Solutions Stock Performance

The business’s 50-day simple moving average is C$0.37 and its two-hundred day simple moving average is 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 price-to-earnings 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.