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

Shares of Quisitive Technology Solutions, Inc. (CVE:QUIS) rose 46.7% during 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. Approximately 8,653,851 shares traded hands during trading, an increase of 5,373% from the average daily 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 upped their price objective for the stock from C$0.55 to C$0.57 in a report on Friday. Two 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$0.69.

Quisitive Technology Solutions Trading Up 0.9 %

The business’s 50-day moving average is C$0.37 and its two-hundred day moving average is C$0.36. The company has a current ratio of 1.61, a quick ratio of 0.88 and a debt-to-equity ratio of 35.41. The stock has a market capitalization of C$153.55 million, a PE ratio of -18.50 and a beta of 1.28.

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.