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

WELL Health Technologies Corp. (TSE:WELL)’s stock price was down 1.4% on Monday . The company traded as low as C$4.27 and last traded at C$4.28. 670,079 shares traded hands during trading, a decline of 53% from the average session 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 recent research reports. Stifel Nicolaus increased their target price on WELL Health Technologies from C$8.00 to C$8.25 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Canaccord Genuity Group upped their price objective on shares of WELL Health Technologies from C$6.50 to C$7.75 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of 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. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$7.12.

WELL Health Technologies Trading Down 1.4%

The company has a debt-to-equity ratio of 100.05, a quick ratio of 1.02 and a current ratio of 0.80. The firm has a market capitalization of C$1.10 billion, a P/E ratio of 214.00, a PEG ratio of -1.93 and a beta of 0.90. The firm has a 50 day simple moving average of C$4.21 and a two-hundred day simple moving average of C$4.18.

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

About WELL Health Technologies

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.