Quorum Information Technologies (QIS) to Release Earnings on Wednesday

Quorum Information Technologies (CVE:QIS) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 20th.

Quorum Information Technologies (CVE:QIS) last released its quarterly earnings results on Wednesday, August 21st. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$9.95 million for the quarter, compared to analysts’ expectations of C$10.30 million. Quorum Information Technologies had a net margin of 0.36% and a return on equity of 0.53%.

Quorum Information Technologies Stock Performance

CVE:QIS opened at C$0.84 on Monday. The company has a fifty day moving average of C$0.85 and a two-hundred day moving average of C$0.82. Quorum Information Technologies has a fifty-two week low of C$0.56 and a fifty-two week high of C$0.97. The stock has a market capitalization of C$61.81 million, a PE ratio of 30.67 and a beta of 0.20. The company has a debt-to-equity ratio of 41.17, a quick ratio of 2.13 and a current ratio of 2.12.

Analyst Ratings Changes

Separately, Cormark raised their price target on shares of Quorum Information Technologies from C$0.85 to C$1.00 in a research note on Friday, August 23rd.

Quorum Information Technologies Company Profile

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.