Quipt Home Medical (TSE:QIPT) Stock Price Up 0.9% – Here’s Why

Quipt Home Medical Corp. (TSE:QIPT) shot up 0.9% on Thursday . The company traded as high as C$3.50 and last traded at C$3.48. 39,637 shares changed hands during trading, an increase of 29% from the average session volume of 30,648 shares. The stock had previously closed at C$3.45.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reduced their price objective on shares of Quipt Home Medical from C$8.40 to C$7.50 and set a “buy” rating on the stock in a report on Thursday, November 28th.

Quipt Home Medical Stock Up 2.6 %

The stock has a market capitalization of C$153.83 million, a price-to-earnings ratio of -21.00 and a beta of 1.01. The company has a fifty day moving average of C$3.74 and a two-hundred day moving average of C$4.05.

About Quipt Home Medical

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.