WELL Health Technologies (TSE:WELL) Trading Down 4.9% – Here’s Why

WELL Health Technologies Corp. (TSE:WELL)’s stock price was down 4.9% on Tuesday . The company traded as low as C$3.68 and last traded at C$4.06. Approximately 1,670,318 shares were traded during trading, an increase of 73% from the average daily volume of 968,118 shares. The stock had previously closed at C$4.27.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada dropped their price target on shares of WELL Health Technologies from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a research report on Monday, March 31st. TD Securities boosted their target price on shares of WELL Health Technologies from C$8.00 to C$8.50 in a report on Tuesday, December 17th. Scotiabank increased their price target on WELL Health Technologies from C$6.00 to C$7.00 in a report on Monday, December 16th. Raymond James boosted their price objective on WELL Health Technologies from C$10.00 to C$11.00 in a research note on Tuesday, December 17th. Finally, Ventum Financial raised their target price on WELL Health Technologies from C$7.50 to C$8.00 in a research note on Thursday, January 30th.

WELL Health Technologies Trading Down 5.9 %

The company has a debt-to-equity ratio of 46.79, a quick ratio of 1.02 and a current ratio of 1.14. The business has a 50 day moving average of C$5.24 and a two-hundred day moving average of C$5.57. The firm has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of -1.93 and a beta of 1.20.

WELL Health Technologies Company Profile

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.