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

Quisitive Technology Solutions, Inc. (CVE:QUIS)’s stock price 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 were traded 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 Quisitive Technology Solutions from a “buy” rating to a “tender” rating and lifted their price objective 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 given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$0.69.

Quisitive Technology Solutions Trading Up 0.9 %

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 company has a market cap of C$153.55 million, a P/E ratio of -18.50 and a beta of 1.28. The business has a 50-day moving average price of C$0.37 and a two-hundred day moving average price of C$0.36.

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.