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

Shares of Quorum Information Technologies Inc. (CVE:QIS) reached a new 52-week high on Thursday . The stock traded as high as C$0.98 and last traded at C$0.98, with a volume of 43833 shares traded. The stock had previously closed at C$0.96.

Wall Street Analysts Forecast Growth

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

Quorum Information Technologies Trading Down 3.1 %

The company has a debt-to-equity ratio of 41.17, a current ratio of 2.12 and a quick ratio of 2.13. The business’s 50-day moving average is C$0.86 and its two-hundred day moving average is C$0.85. The firm has a market cap of C$69.90 million, a P/E ratio of 30.67 and a beta of 0.20.

About Quorum Information Technologies

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.