Quipt Home Medical (TSE:QIPT) Shares Down 7.2% – Here’s Why

Quipt Home Medical Corp. (TSE:QIPT) shares fell 7.2% on Monday . The stock traded as low as C$4.41 and last traded at C$4.41. 15,430 shares changed hands during trading, a decline of 15% from the average session volume of 18,068 shares. The stock had previously closed at C$4.75.

Analyst Ratings Changes

Separately, Stifel Nicolaus decreased their price target 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 Stock Performance

The firm has a fifty day simple moving average of C$4.04 and a 200-day simple moving average of C$4.02. The firm has a market cap of C$190.03 million, a price-to-earnings ratio of -25.94 and a beta of 1.01.

About Quipt Home Medical

Quipt Home Medical Corp provides in-home monitoring equipment, supplies, and services to patients. The company’s services consist of Daily & Ambulatory Aides, Power Mobility, INR Self-Testing, Respiratory Equipment Rental, Home ventilation, Oxygen Therapy, and Sleep Apnea & PAP Treatment.