WELL Health Technologies (TSE:WELL) Trading 2.6% Higher – Here’s Why

Shares of WELL Health Technologies Corp. (TSE:WELL) were up 2.6% during mid-day trading on Friday . The company traded as high as C$5.22 and last traded at C$5.20. Approximately 408,323 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 828,810 shares. The stock had previously closed at C$5.07.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WELL shares. Ventum Financial increased their price objective on WELL Health Technologies from C$7.50 to C$8.00 in a report on Thursday, January 30th. Raymond James increased their price objective on WELL Health Technologies from C$10.00 to C$11.00 in a report on Tuesday, December 17th. CIBC increased their price objective on WELL Health Technologies from C$5.25 to C$7.00 in a report on Friday, December 13th. TD Securities increased their price objective on WELL Health Technologies from C$8.00 to C$8.50 in a report on Tuesday, December 17th. Finally, Haywood Securities increased their price objective on WELL Health Technologies from C$8.00 to C$10.00 in a report on Friday, December 13th.

WELL Health Technologies Trading Up 2.6 %

The business has a 50 day simple moving average of C$6.13 and a 200-day simple moving average of C$5.53. The company has a debt-to-equity ratio of 46.79, a quick ratio of 1.02 and a current ratio of 1.14. The stock has a market capitalization of C$1.30 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of -1.93 and a beta of 1.20.

About WELL Health Technologies

WELL Health Technologies Corp. operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally. It provides omni-channel patient services and solutions to specific markets, such as provider staffing, anesthesia, gastrointestinal health, women's health, primary care, and mental healthcare.