Quipt Home Medical (TSE:QIPT) Shares Up 1.2% – Should You Buy?

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

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their price objective on Quipt Home Medical from C$8.40 to C$7.50 and set a “buy” rating on the stock in a report on Thursday, November 28th.

Quipt Home Medical Price Performance

The company has a market cap of C$103.02 million, a PE ratio of -14.04 and a beta of 1.01. The stock has a fifty day moving average price of C$4.00 and a 200-day moving average price of C$3.86.

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.