Quisitive Technology Solutions (CVE:QUIS) Shares Up 46.7% – Should You Buy?

Quisitive Technology Solutions, Inc. (CVE:QUIS)’s share price shot up 46.7% during trading on Thursday . The stock traded as high as C$0.56 and last traded at C$0.55. 7,555,550 shares were traded during trading, an increase of 4,678% from the average session volume of 158,129 shares. The stock had previously closed at C$0.38.

Analyst Ratings Changes

A number of research firms have recently issued reports on QUIS. Ventum Financial lowered shares of Quisitive Technology Solutions from a “buy” rating to a “tender” rating and lifted their price objective for the company from C$0.55 to C$0.57 in a research note on Friday. Raymond James upped their price objective on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the company a “market perform” rating in a research report on Friday. Finally, Scotiabank lowered Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$0.50 to C$0.57 in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently 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 fifty day moving average price of C$0.37 and a 200 day moving average price of 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. The company has a market capitalization of C$153.55 million, a price-to-earnings 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.