WELL Health Technologies (TSE:WELL) Trading Down 5.4% – Here’s Why

WELL Health Technologies Corp. (TSE:WELL) traded down 5.4% on Wednesday . The company traded as low as C$3.68 and last traded at C$4.04. 2,582,407 shares were traded during trading, an increase of 163% from the average session volume of 982,258 shares. The stock had previously closed at C$4.27.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WELL. Ventum Financial lifted their price objective on WELL Health Technologies from C$7.50 to C$8.00 in a research note on Thursday, January 30th. Raymond James raised their target price on WELL Health Technologies from C$10.00 to C$11.00 in a research note on Tuesday, December 17th. Royal Bank of Canada decreased their price target on WELL Health Technologies from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a research note on Monday, March 31st. Finally, TD Securities boosted their price objective on shares of WELL Health Technologies from C$8.00 to C$8.50 in a report on Tuesday, December 17th.

WELL Health Technologies Price Performance

The company has a market capitalization of C$1.01 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of -1.93 and a beta of 1.20. The firm’s 50-day moving average is C$5.20 and its 200-day moving average is C$5.56. The company has a quick ratio of 1.02, a current ratio of 1.14 and a debt-to-equity ratio of 46.79.

WELL Health Technologies Company Profile

WELL Health Technologies Corp. operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally. It provides omni-channel patient services and solutions to specific markets, such as provider staffing, anesthesia, gastrointestinal health, women's health, primary care, and mental healthcare.