WELL Health Technologies (TSE:WELL) Stock Price Down 0.5% – Here’s Why

Shares of WELL Health Technologies Corp. (TSE:WELL) dropped 0.5% during trading on Thursday . The company traded as low as C$3.95 and last traded at C$4.00. Approximately 828,035 shares were traded during trading, a decline of 41% from the average session volume of 1,404,990 shares. The stock had previously closed at C$4.02.

Analyst Upgrades and Downgrades

WELL has been the subject of several research reports. Stifel Nicolaus increased their price objective on WELL Health Technologies from C$8.00 to C$8.25 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Canaccord Genuity Group lifted their target price on WELL Health Technologies from C$6.50 to C$7.75 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Canadian Imperial Bank of Commerce boosted their price target on WELL Health Technologies from C$5.50 to C$6.00 and gave the company an “outperformer” rating in a research note on Wednesday, June 3rd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$7.12.

WELL Health Technologies Stock Down 0.5%

The firm has a market capitalization of C$1.02 billion, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of -1.93 and a beta of 0.90. The business has a 50 day moving average of C$4.31 and a 200 day moving average of C$4.15. The company has a debt-to-equity ratio of 91.15, a current ratio of 0.83 and a quick ratio of 1.02.

WELL Health Technologies (TSE:WELL) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$368.26 million for the quarter. WELL Health Technologies had a net margin of 1.82% and a return on equity of 3.15%. On average, equities analysts anticipate that WELL Health Technologies Corp. will post 0.3000698 EPS for the current year.

WELL Health Technologies Company Profile

WELL Health Technologies Corp. (TSX: WELL) is Canada’s largest outpatient healthcare company and a leading provider of technology-enabled healthcare solutions. WELL is building the infrastructure for a healthier Canada, where every patient gets better care, every provider is empowered by AI, and every piece of health data is protected. WELL owns and operates more than 250 clinics in Canada, supporting more than 5 million annual patient visits. Through its subsidiary WELLSTAR, WELL provides electronic medical records, AI-powered clinical tools, patient engagement platforms and IT management services.