Quipt Home Medical (TSE:QIPT) Trading 1.2% Higher – Here’s What Happened

Quipt Home Medical Corp. (TSE:QIPT)’s stock price traded up 1.2% during mid-day trading on Wednesday . The stock traded as high as C$3.39 and last traded at C$3.38. 17,390 shares were traded during trading, an increase of 6% from the average session volume of 16,462 shares. The stock had previously closed at C$3.34.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered their target price on Quipt Home Medical from C$8.40 to C$7.50 and set a “buy” rating for the company in a research report on Thursday, November 28th.

Quipt Home Medical Trading Up 1.2 %

The company has a 50-day moving average price of C$4.02 and a two-hundred day moving average price of C$3.87. The stock has a market capitalization of C$102.41 million, a P/E ratio of -13.95 and a beta of 1.01.

About Quipt Home Medical

Quipt Home Medical Corp provides in-home monitoring equipment, supplies, and services to patients. The company’s services consist of Daily & Ambulatory Aides, Power Mobility, INR Self-Testing, Respiratory Equipment Rental, Home ventilation, Oxygen Therapy, and Sleep Apnea & PAP Treatment.