Quorum Information Technologies (CVE:QIS) Reaches New 12-Month High – What’s Next?

Shares of Quorum Information Technologies Inc. (CVE:QIS) hit a new 52-week high on Thursday . The company traded as high as C$0.98 and last traded at C$0.92, with a volume of 13001 shares trading hands. The stock had previously closed at C$0.92.

Wall Street Analyst Weigh In

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

Quorum Information Technologies Price Performance

The firm has a market capitalization of C$67.69 million, a PE ratio of 30.67 and a beta of 0.20. The firm’s fifty day moving average price is C$0.87 and its 200 day moving average price is C$0.86. The company has a current ratio of 2.12, a quick ratio of 2.13 and a debt-to-equity ratio of 41.17.

Quorum Information Technologies Company Profile

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.