Echelon Wealth Partners Reaffirms Speculative Buy Rating for CloudMD Software & Services (CVE:DOC)

Echelon Wealth Partners reissued their speculative buy rating on shares of CloudMD Software & Services (CVE:DOC) in a research note published on Wednesday morning, reports.

Separately, Bloom Burton restated a buy rating on shares of CloudMD Software & Services in a research report on Wednesday, December 22nd.

Shares of DOC stock opened at C$0.97 on Wednesday. The firm has a market capitalization of C$224.53 million and a price-to-earnings ratio of -8.90. The company has a debt-to-equity ratio of 15.86, a current ratio of 1.65 and a quick ratio of 1.52. The business has a fifty day moving average of C$1.22 and a 200 day moving average of C$1.57. CloudMD Software & Services has a 1 year low of C$0.94 and a 1 year high of C$3.25.

CloudMD Software & Services (CVE:DOC) last released its quarterly earnings data on Monday, November 29th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$39.16 million during the quarter. As a group, equities research analysts expect that CloudMD Software & Services will post -0.05 earnings per share for the current year.

In other news, Director Essam Hamza bought 60,000 shares of the business’s stock in a transaction on Monday, December 13th. The shares were bought at an average price of C$1.14 per share, with a total value of C$68,400.00. Following the completion of the transaction, the director now directly owns 2,819,500 shares in the company, valued at C$3,214,230.

About CloudMD Software & Services

CloudMD Software & Services Inc, a healthcare technology company, provides SaaS based health technology solutions to medical clinics in North America. It offers CloudMD telemedicine application, a telemedicine platform that connects patients to licensed physician through videoconferencing technology; operates a network of inter-connected medical clinics; and Re:Function, an integrated network of 8 rehabilitation clinics that offers various rehabilitation services.

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