WELL Health Technologies (TSE:WELL) Trading Up 4.9% – Should You Buy?

Shares of WELL Health Technologies Corp. (TSE:WELL) traded up 4.9% during mid-day trading on Wednesday . The stock traded as high as C$4.53 and last traded at C$4.48. 2,534,607 shares were traded during trading, an increase of 79% from the average session volume of 1,414,432 shares. The stock had previously closed at C$4.27.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce upgraded WELL Health Technologies from a “neutral” rating to an “outperform” rating in a report on Wednesday, December 3rd. Scotiabank decreased their price objective on WELL Health Technologies from C$7.00 to C$6.50 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, WELL Health Technologies currently has an average rating of “Buy” and an average price target of C$7.35.

WELL Health Technologies Stock Up 4.9%

The company has a market capitalization of C$1.14 billion, a price-to-earnings ratio of -49.78, a PEG ratio of -1.93 and a beta of 0.49. The company has a current ratio of 0.92, a quick ratio of 1.02 and a debt-to-equity ratio of 73.92. The firm’s 50 day simple moving average is C$4.07 and its 200-day simple moving average is C$4.43.

WELL Health Technologies Company Profile

WELL Health Technologies Corp is the owner and operator of a portfolio of Primary Hclinics delivering healthcare-related services It operates through below segments: clinical operations and allied health, Electronic medical record (EMR), Billing and revenue cycle management solutions, Digital apps, Cybersecurity, CRH, MyHealth, and corporate/shared services. Its segments are grouped in three divisions; Omni-channel Patient Services – Primary includes clinical operations and allied health. Omni-channel Patient Services – Specialized comprises CRH and MyHealth under two segments.