CIBC Upgrades WELL Health Technologies (TSE:WELL) to “Outperform”

WELL Health Technologies (TSE:WELL) was upgraded by CIBC from a “neutral” rating to an “outperform” rating in a report released on Wednesday,BayStreet.CA reports.

WELL Health Technologies Stock Performance

Shares of WELL stock traded up C$0.25 during mid-day trading on Wednesday, hitting C$3.92. 2,705,493 shares of the stock were exchanged, compared to its average volume of 1,104,919. The stock has a market capitalization of C$995.22 million, a price-to-earnings ratio of -43.56, a P/E/G ratio of -1.93 and a beta of 1.05. The company has a debt-to-equity ratio of 46.79, a quick ratio of 1.02 and a current ratio of 1.14. WELL Health Technologies has a 12-month low of C$3.58 and a 12-month high of C$7.36. The stock’s fifty day simple moving average is C$4.74 and its two-hundred day simple moving average is C$4.57.

WELL Health Technologies (TSE:WELL) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.16 earnings per share (EPS) for the quarter. WELL Health Technologies had a return on equity of 8.74% and a net margin of 7.67%.The firm had revenue of C$364.60 million for the quarter. On average, analysts forecast that WELL Health Technologies will post 0.3000698 EPS for the current year.

About WELL Health Technologies

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.