Vitalhub (TSE:VHI) Sets New 52-Week Low – Here’s What Happened

Vitalhub Corp. (TSE:VHI)’s share price reached a new 52-week low on Tuesday . The company traded as low as C$6.62 and last traded at C$6.73, with a volume of 227868 shares. The stock had previously closed at C$6.80.

Wall Street Analysts Forecast Growth

VHI has been the subject of a number of recent analyst reports. ATB Cormark Capital Markets reduced their price target on shares of Vitalhub from C$16.50 to C$15.00 and set an “outperform” rating for the company in a research report on Tuesday, March 10th. National Bank Financial dropped their price objective on Vitalhub from C$14.00 to C$11.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Finally, Raymond James Financial reduced their target price on Vitalhub from C$15.00 to C$11.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. Based on data from MarketBeat.com, Vitalhub has an average rating of “Buy” and a consensus target price of C$13.14.

Vitalhub Price Performance

The firm has a market capitalization of C$445.98 million, a PE ratio of 58.75, a P/E/G ratio of 1.18 and a beta of 0.88. The business’s 50 day moving average is C$7.49 and its two-hundred day moving average is C$8.01.

Vitalhub (TSE:VHI) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$31.91 million during the quarter. Vitalhub had a net margin of 6.13% and a return on equity of 2.98%. Analysts expect that Vitalhub Corp. will post 0.2296467 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Anthony Pius Shen bought 7,000 shares of Vitalhub stock in a transaction that occurred on Monday, March 30th. The shares were acquired at an average price of C$7.11 per share, with a total value of C$49,770.00. Following the completion of the purchase, the director directly owned 12,470 shares in the company, valued at C$88,661.70. The trade was a 127.97% increase in their ownership of the stock. Also, Director Steve Garrington sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of C$7.17, for a total value of C$71,700.00. Following the sale, the director owned 50,000 shares in the company, valued at C$358,500. The trade was a 16.67% decrease in their position. Insiders own 18.57% of the company’s stock.

Vitalhub Company Profile

Vitalhub Corp is Canada-based firm that develops technology solutions for health and human services providers in the mental health (child through adult), long term care, community health service, home health, social service, and acute care sectors. Its technologies include blockchain, mobile, patient flow, web-based assessment, and electronic health record solutions.