WELL Health Technologies (TSE:WELL) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

WELL Health Technologies Corp. (TSE:WELL) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$4.19 and traded as low as C$4.17. WELL Health Technologies shares last traded at C$4.18, with a volume of 655,536 shares changing hands.

Analyst Ratings Changes

WELL has been the subject of several research analyst reports. Canaccord Genuity Group increased their price objective on shares of WELL Health Technologies from C$6.50 to C$7.75 and gave the company a “buy” rating in a research report on Thursday, July 9th. TD set a C$8.50 target price on shares of WELL Health Technologies and gave the stock a “buy” rating in a research report on Monday, October 5th. Five analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$7.40.

WELL Health Technologies Stock Performance

The company has a current ratio of 0.80, a quick ratio of 1.02 and a debt-to-equity ratio of 100.05. The firm has a 50-day moving average of C$4.28 and a 200-day moving average of C$4.19. The stock has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 207.00, a P/E/G ratio of -1.93 and a beta of 0.71.

WELL Health Technologies (TSE:WELL) last issued its earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$400.43 million during the quarter. WELL Health Technologies had a return on equity of 0.44% and a net margin of 0.25%. As a group, sell-side analysts predict that WELL Health Technologies Corp. will post 0.30 earnings per share for the current year.

WELL Health Technologies Company Profile

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.