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

Shares of Quisitive Technology Solutions, Inc. (CVE:QUIS) shot up 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. 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 report on Friday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Quisitive Technology Solutions has an average rating of “Moderate Buy” and an average target price of C$0.69.

Quisitive Technology Solutions Price Performance

The business has a 50 day simple moving average of C$0.37 and a two-hundred day simple moving average of C$0.36. The firm has a market capitalization of C$153.55 million, a P/E ratio of -18.50 and a beta of 1.28. The company has a debt-to-equity ratio of 35.41, a quick ratio of 0.88 and a current ratio of 1.61.

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.