Quipt Home Medical (TSE:QIPT) Trading 1.2% Higher – Here’s Why

Quipt Home Medical Corp. (TSE:QIPT) shot up 1.2% on Wednesday . The company traded as high as C$3.39 and last traded at C$3.38. 17,390 shares were traded during mid-day trading, an increase of 6% from the average session volume of 16,462 shares. The stock had previously closed at C$3.34.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their target price on Quipt Home Medical from C$8.40 to C$7.50 and set a “buy” rating on the stock in a research note on Thursday, November 28th.

Quipt Home Medical Stock Performance

The business’s 50-day moving average price is C$4.02 and its 200 day moving average price is C$3.87. The stock has a market capitalization of C$102.41 million, a PE ratio of -13.95 and a beta of 1.01.

Quipt Home Medical Company Profile

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.