WELL Health Technologies (TSE:WELL) Stock Price Down 4.2% – Here’s Why

WELL Health Technologies Corp. (TSE:WELL)’s stock price traded down 4.2% on Monday . The stock traded as low as C$4.36 and last traded at C$4.37. 956,179 shares changed hands during trading, an increase of 21% from the average session volume of 793,276 shares. The stock had previously closed at C$4.56.

Analyst Ratings Changes

A number of research analysts have commented on the company. Ventum Financial decreased their price objective on WELL Health Technologies from C$8.00 to C$7.00 and set a “buy” rating on the stock in a report on Tuesday. CIBC raised their price target on shares of WELL Health Technologies from C$4.75 to C$5.00 in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$6.97.

WELL Health Technologies Stock Up 1.1 %

The company has a debt-to-equity ratio of 41.57, a quick ratio of 1.02 and a current ratio of 1.25. The stock’s 50 day simple moving average is C$4.44 and its 200 day simple moving average is C$4.28. The firm has a market cap of C$1.10 billion, a P/E ratio of 7.75, a price-to-earnings-growth ratio of -1.93 and a beta of 1.20.

WELL Health Technologies Company Profile

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.