Quorum Information Technologies (QIS) to Release Quarterly Earnings on Wednesday

Quorum Information Technologies (CVE:QIS) will announce its earnings results after the market closes on Wednesday, November 20th.

Quorum Information Technologies (CVE:QIS) last posted its quarterly earnings data on Wednesday, August 21st. The company reported C$0.01 earnings per share for the quarter. Quorum Information Technologies had a return on equity of 0.53% and a net margin of 0.36%. The firm had revenue of C$9.95 million for the quarter, compared to analysts’ expectations of C$10.30 million.

Quorum Information Technologies Stock Down 9.7 %

QIS stock opened at C$0.84 on Tuesday. Quorum Information Technologies has a twelve month low of C$0.56 and a twelve month high of C$0.97. The company has a quick ratio of 2.13, a current ratio of 2.12 and a debt-to-equity ratio of 41.17. The stock has a market cap of C$61.81 million, a P/E ratio of 30.67 and a beta of 0.20. The business’s 50-day moving average price is C$0.85 and its 200-day moving average price is C$0.83.

Analyst Upgrades and Downgrades

Separately, Cormark boosted their price target on Quorum Information Technologies from C$0.85 to C$1.00 in a report on Friday, August 23rd.

About Quorum Information Technologies

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.