WELL Health Technologies (TSE:WELL) Stock Price Down 6.6% – Here’s What Happened

WELL Health Technologies Corp. (TSE:WELL) shares traded down 6.6% during mid-day trading on Tuesday . The stock traded as low as C$3.68 and last traded at C$3.99. 1,391,486 shares were traded during mid-day trading, an increase of 45% from the average session volume of 959,924 shares. The stock had previously closed at C$4.27.

Analysts Set New Price Targets

WELL has been the topic of several analyst reports. TD Securities boosted their price target on shares of WELL Health Technologies from C$8.00 to C$8.50 in a research report on Tuesday, December 17th. Royal Bank of Canada cut their price objective on WELL Health Technologies from C$8.50 to C$7.50 and set an “outperform” rating for the company in a report on Monday, March 31st. Scotiabank boosted their target price on shares of WELL Health Technologies from C$6.00 to C$7.00 in a report on Monday, December 16th. Ventum Financial increased their price target on shares of WELL Health Technologies from C$7.50 to C$8.00 in a research note on Thursday, January 30th. Finally, Raymond James boosted their price objective on shares of WELL Health Technologies from C$10.00 to C$11.00 in a research note on Tuesday, December 17th.

WELL Health Technologies Stock Down 6.6 %

The company has a current ratio of 1.14, a quick ratio of 1.02 and a debt-to-equity ratio of 46.79. The stock has a market cap of C$997.19 million, a P/E ratio of 13.52, a PEG ratio of -1.93 and a beta of 1.20. The firm has a 50-day simple moving average of C$5.24 and a two-hundred day simple moving average of C$5.57.

About WELL Health Technologies

WELL Health Technologies Corp. operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally. It provides omni-channel patient services and solutions to specific markets, such as provider staffing, anesthesia, gastrointestinal health, women's health, primary care, and mental healthcare.