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

Shares of 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 mid-day 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 increased their price target for the company from C$0.55 to C$0.57 in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$0.69.

Quisitive Technology Solutions Price Performance

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 capitalization of C$153.55 million, a price-to-earnings ratio of -18.50 and a beta of 1.28. The company has a fifty day moving average price of C$0.37 and a two-hundred day moving average price of C$0.36.

Quisitive Technology Solutions Company Profile

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.