Quorum Information Technologies (CVE:QIS) Hits New 52-Week High – Here’s Why

Quorum Information Technologies Inc. (CVE:QIS)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$0.98 and last traded at C$0.98, with a volume of 84858 shares changing hands. The stock had previously closed at C$0.95.

Quorum Information Technologies Stock Up 3.2 %

The company has a debt-to-equity ratio of 41.17, a current ratio of 2.12 and a quick ratio of 2.13. The company has a market capitalization of C$72.11 million, a price-to-earnings ratio of 30.67 and a beta of 0.20. The firm has a 50-day moving average price of C$0.90 and a two-hundred day moving average price of C$0.87.

About Quorum Information Technologies

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.