Quipt Home Medical (TSE:QIPT) Trading 0.2% Higher – Here’s Why

Shares of Quipt Home Medical Corp. (TSE:QIPT) shot up 0.2% on Friday . The company traded as high as C$4.35 and last traded at C$4.34. 20,518 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 23,032 shares. The stock had previously closed at C$4.33.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reduced their price objective on shares of Quipt Home Medical from C$8.40 to C$7.50 and set a “buy” rating for the company in a research note on Thursday, November 28th.

Quipt Home Medical Price Performance

The company has a market cap of C$187.01 million, a P/E ratio of -25.53 and a beta of 1.01. The company’s 50-day moving average price is C$3.79 and its 200-day moving average price is C$4.01.

About Quipt Home Medical

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.