Quisitive Technology Solutions (CVE:QUIS) Hits New 1-Year High – Still a Buy?

Shares of Quisitive Technology Solutions, Inc. (CVE:QUIS) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.56 and last traded at C$0.55, with a volume of 640979 shares changing hands. The stock had previously closed at C$0.56.

Analyst Ratings Changes

Several brokerages have recently issued reports on QUIS. Ventum Financial cut 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, January 3rd. Raymond James lifted their price target on shares of Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Finally, Scotiabank downgraded shares of Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$0.50 to C$0.57 in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$0.69.

Quisitive Technology Solutions Trading Down 0.9 %

The company has a fifty day moving average of C$0.41 and a two-hundred day moving average of C$0.38. The company has a quick ratio of 0.88, a current ratio of 1.61 and a debt-to-equity ratio of 35.41. The stock has a market capitalization of C$152.17 million, a price-to-earnings ratio of -18.33 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.