Vitalhub (TSE:VHI) Stock Falls 18.9% – What’s Next?

Vitalhub Corp. (TSE:VHI) traded down 18.9% during mid-day trading on Friday. The company traded as low as C$6.49 and last traded at C$6.49. Approximately 870,732 shares changed hands during mid-day trading, an increase of 195% from the average daily volume of 294,716 shares. The stock had previously closed at C$8.00.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group set a C$15.00 price target on shares of Vitalhub and gave the stock a “buy” rating in a research report on Friday, August 28th. Six equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Vitalhub has a consensus rating of “Buy” and an average price target of C$12.67.

Vitalhub Price Performance

The company has a market cap of C$441.47 million, a price-to-earnings ratio of 58.08, a P/E/G ratio of 1.18 and a beta of 1.37. The firm has a 50-day moving average price of C$7.58 and a 200 day moving average price of C$7.59.

Vitalhub (TSE:VHI) last announced its earnings results on Thursday, November 12th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$31.91 million during the quarter. Vitalhub had a net margin of 5.89% and a return on equity of 2.79%. On average, equities analysts anticipate that Vitalhub Corp. will post 0.23 EPS for the current fiscal year.

About Vitalhub

VitalHub is a leading software company dedicated to empowering health and human services providers globally. VitalHub’s comprehensive product suite includes electronic health records, operational intelligence, and workforce automation solutions that serve over 1,300 clients across the UK, Canada, and other geographies. The Company has a robust two-pronged growth strategy, targeting organic opportunities within its product suite and pursuing an aggressive M&A plan. VitalHub is headquartered in Toronto with over 700 employees globally, across key regions and the VitalHub Innovations Lab in Sri Lanka.