Quisitive Technology Solutions (CVE:QUIS) Reaches New 12-Month High – Here’s Why

Quisitive Technology Solutions, Inc. (CVE:QUIS)’s share price hit a new 52-week high on Friday . The company traded as high as C$0.57 and last traded at C$0.57, with a volume of 88000 shares traded. The stock had previously closed at C$0.56.

Analysts Set New Price Targets

A number of brokerages have weighed in on QUIS. Raymond James increased their price target on Quisitive Technology Solutions from C$0.54 to C$0.57 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Ventum Financial downgraded Quisitive Technology Solutions from a “buy” rating to a “tender” rating and raised their target price for the company from C$0.55 to C$0.57 in a research note on Friday, January 3rd. Finally, Scotiabank downgraded Quisitive Technology Solutions from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$0.50 to C$0.57 in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$0.69.

Quisitive Technology Solutions Stock Performance

The company has a debt-to-equity ratio of 34.66, a quick ratio of 0.88 and a current ratio of 1.48. The company has a 50 day moving average price of C$0.53 and a 200 day moving average price of C$0.43. The company has a market capitalization of C$111.07 million, a price-to-earnings ratio of -2.93 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.