Quorum Information Technologies (CVE:QIS) Reaches New 52-Week High – Time to Buy?

Quorum Information Technologies Inc. (CVE:QIS)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.98 and last traded at C$0.92, with a volume of 13001 shares traded. The stock had previously closed at C$0.92.

Analysts Set New Price Targets

Separately, Cormark raised their price objective on shares of Quorum Information Technologies from C$0.85 to C$1.00 in a research note on Friday, August 23rd.

Quorum Information Technologies Price Performance

The business’s fifty day simple moving average is C$0.87 and its two-hundred day simple moving average is C$0.86. The company has a market cap of C$67.69 million, a PE ratio of 30.67 and a beta of 0.20. The company has a debt-to-equity ratio of 41.17, a current ratio of 2.12 and a quick ratio of 2.13.

Quorum Information Technologies Company Profile

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.