Quisitive Technology Solutions (CVE:QUIS) Stock Price Up 46.7% After Analyst Upgrade

Quisitive Technology Solutions, Inc. (CVE:QUIS) shot up 46.7% 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 cut shares of Quisitive Technology Solutions from a “buy” rating to a “tender” rating and raised their price objective for the stock from C$0.55 to C$0.57 in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$0.69.

Quisitive Technology Solutions Stock Up 0.9 %

The firm has a market cap of C$153.55 million, a price-to-earnings ratio of -18.50 and a beta of 1.28. The firm’s 50 day moving average price is C$0.37 and its two-hundred day moving average price is 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.