Vitalhub (TSE:VHI) Sets New 12-Month Low – Here’s What Happened

Vitalhub Corp. (TSE:VHI)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$6.67 and last traded at C$6.70, with a volume of 590434 shares trading hands. The stock had previously closed at C$7.71.

Analyst Ratings Changes

Several equities analysts recently issued reports on VHI shares. Royal Bank Of Canada reduced their price objective on shares of Vitalhub from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Monday, January 26th. Scotiabank reduced their price target on Vitalhub from C$15.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Finally, ATB Cormark Capital Markets lowered their price objective on 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. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat, Vitalhub has a consensus rating of “Buy” and a consensus price target of C$14.43.

Vitalhub Stock Performance

The company’s fifty day moving average is C$8.34 and its two-hundred day moving average is C$9.54. The firm has a market cap of C$427.96 million, a price-to-earnings ratio of 169.50, a price-to-earnings-growth ratio of 1.18 and a beta of 0.65.

Vitalhub (TSE:VHI) last released its quarterly earnings data on Wednesday, March 18th. The company reported C$0.06 earnings per share (EPS) for the quarter. The firm had revenue of C$31.39 million during the quarter. Vitalhub had a return on equity of 1.47% and a net margin of 2.88%. As a group, analysts forecast that Vitalhub Corp. will post 0.2296467 earnings per share for the current fiscal year.

Insider Activity

In other Vitalhub news, Director Francis Nelson Shen acquired 148,700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was acquired at an average cost of C$9.05 per share, for a total transaction of C$1,345,735.00. Following the transaction, the director owned 148,700 shares of the company’s stock, valued at C$1,345,735. This trade represents a ∞ increase in their ownership of the stock. Also, Director Anthony Pius Shen bought 5,470 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were bought at an average price of C$9.23 per share, for a total transaction of C$50,488.10. Following the completion of the acquisition, the director directly owned 5,470 shares in the company, valued at approximately C$50,488.10. This trade represents a ∞ increase in their position. Insiders own 18.57% of the company’s stock.

About Vitalhub

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.