WELL Health Technologies (TSE:WELL) Stock Price Down 1.4% – Here’s Why

Shares of WELL Health Technologies Corp. (TSE:WELL) fell 1.4% during mid-day trading on Monday . The stock traded as low as C$4.27 and last traded at C$4.28. Approximately 670,079 shares changed hands during trading, a decline of 53% from the average daily volume of 1,439,254 shares. The stock had previously closed at C$4.34.

Analyst Upgrades and Downgrades

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

WELL Health Technologies Price Performance

The stock has a market cap of C$1.09 billion, a price-to-earnings ratio of 213.50, a P/E/G ratio of -1.93 and a beta of 0.90. The company has a current ratio of 0.80, a quick ratio of 1.02 and a debt-to-equity ratio of 100.05. The company’s fifty day moving average is C$4.22 and its two-hundred day moving average is C$4.18.

WELL Health Technologies (TSE:WELL) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. WELL Health Technologies had a return on equity of 0.44% and a net margin of 0.25%.The company had revenue of C$400.43 million for the quarter. As a group, research analysts predict that WELL Health Technologies Corp. will post 0.3000698 earnings per share 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.