Quisitive Technology Solutions (CVE:QUIS) Trading 46.7% Higher on Analyst Upgrade

Quisitive Technology Solutions, Inc. (CVE:QUIS) traded up 46.7% during mid-day trading on Friday after Raymond James raised their price target on the stock from C$0.54 to C$0.57. Raymond James currently has a market perform rating on the stock. Quisitive Technology Solutions traded as high as C$0.56 and last traded at C$0.55. 8,653,851 shares were traded during trading, an increase of 5,373% from the average session volume of 158,129 shares. The stock had previously closed at C$0.38.

Separately, Ventum Financial downgraded Quisitive Technology Solutions from a “buy” rating to a “tender” rating and increased their target price for the stock from C$0.55 to C$0.57 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Quisitive Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of C$0.69.

Quisitive Technology Solutions Stock Performance

The company has a market capitalization of C$153.55 million, a PE ratio of -18.50 and a beta of 1.28. The stock has a 50-day simple moving average of C$0.37 and a 200 day simple moving average of C$0.36. The company has a debt-to-equity ratio of 35.41, a current ratio of 1.61 and a quick ratio of 0.88.

About Quisitive Technology Solutions

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.