Quipt Home Medical (NASDAQ:QIPT) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Quipt Home Medical (NASDAQ:QIPT) released its earnings results on Monday. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.08), Zacks reports. Quipt Home Medical had a negative net margin of 1.95% and a negative return on equity of 4.51%.

Quipt Home Medical Stock Performance

Shares of QIPT stock traded up $0.06 during trading on Monday, reaching $3.07. 352,512 shares of the company’s stock were exchanged, compared to its average volume of 184,971. The firm’s fifty day moving average price is $2.70 and its 200-day moving average price is $2.96. Quipt Home Medical has a twelve month low of $2.34 and a twelve month high of $5.29. The stock has a market capitalization of $132.29 million, a PE ratio of -27.36 and a beta of 0.62. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.66.

Analyst Upgrades and Downgrades

Separately, Benchmark cut their price target on shares of Quipt Home Medical from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $6.25.

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.