Moderate Buy Predicted for Quisitive Technology Solutions as Brokerages Align on Future Prospects

According to a recent report from MarketBeat Ratings, Quisitive Technology Solutions, Inc. (CVE:QUIS) has received a consensus recommendation of “Moderate Buy” from seven brokerages covering the firm. One analyst has rated the stock as a hold, while six have given it a buy recommendation. The average 1-year price target among analysts who have issued a report on the stock in the last year is C$0.84.

Meanwhile, Eight Capital lowered their price target on Quisitive Technology Solutions from C$1.00 to C$0.75 and maintained a “buy” rating on the stock in a research report published on Thursday. Shares of CVE QUIS opened at C$0.33 on Thursday, with a market cap of C$131.52 million, a price-to-earnings ratio of -8.13, and a beta of 1.38. The company has a quick ratio of 0.88, a current ratio of 0.37, and a debt-to-equity ratio of 36.13.

Quisitive Technology Solutions provides Microsoft solutions primarily in North America through its subsidiaries, offering Microsoft cloud solutions such as Microsoft Azure, Microsoft Dynamics, and Microsoft 365, as well as other services like emPerform – an employee performance management solution, and PayiQ – a cloud-based payment processing and payments intelligence platform