Quipt Home Medical (NASDAQ:QIPT) Issues Earnings Results

Quipt Home Medical (NASDAQ:QIPT) issued its quarterly earnings results on Monday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.08), Zacks reports. Quipt Home Medical had a negative net margin of 1.95% and a negative return on equity of 4.51%.

Quipt Home Medical Price Performance

Shares of QIPT opened at $3.07 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 0.66. The firm’s fifty day simple moving average is $2.70 and its 200-day simple moving average is $2.96. The firm has a market capitalization of $132.29 million, a price-to-earnings ratio of -27.91 and a beta of 0.62. Quipt Home Medical has a twelve month low of $2.34 and a twelve month high of $5.29.

Analyst Ratings Changes

Separately, Benchmark decreased their target price on Quipt Home Medical from $9.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $6.25.

Quipt Home Medical Company Profile

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.