Quisitive Technology Solutions (CVE:QUIS) Sets New 1-Year High – Here’s Why

Shares of Quisitive Technology Solutions, Inc. (CVE:QUIS) hit a new 52-week high on Monday . The company traded as high as C$0.56 and last traded at C$0.55, with a volume of 640979 shares traded. The stock had previously closed at C$0.56.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on QUIS. Ventum Financial lowered Quisitive Technology Solutions from a “buy” rating to a “tender” rating and raised their price target for the stock from C$0.55 to C$0.57 in a research note on Friday, January 3rd. Raymond James lifted their target price on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Finally, Scotiabank downgraded shares of Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$0.50 to C$0.57 in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Quisitive Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of C$0.69.

Quisitive Technology Solutions Price Performance

The company has a debt-to-equity ratio of 35.41, a quick ratio of 0.88 and a current ratio of 1.61. The stock’s 50-day moving average price is C$0.41 and its two-hundred day moving average price is C$0.38. The stock has a market capitalization of C$154.94 million, a PE ratio of -18.67 and a beta of 1.28.

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.