WELL Health Technologies (TSE:WELL) Trading Up 4.9% – Here’s What Happened

WELL Health Technologies Corp. (TSE:WELL)’s share price shot up 4.9% during mid-day trading on Wednesday . The company traded as high as C$4.53 and last traded at C$4.48. 2,534,607 shares traded hands during mid-day trading, an increase of 79% from the average session volume of 1,414,432 shares. The stock had previously closed at C$4.27.

Analysts Set New Price Targets

A number of research firms recently weighed in on WELL. Scotiabank lowered their price target on WELL Health Technologies from C$7.00 to C$6.50 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Canadian Imperial Bank of Commerce upgraded WELL Health Technologies from a “neutral” rating to an “outperform” rating in a research report on Wednesday, December 3rd. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$7.35.

WELL Health Technologies Price Performance

The company has a debt-to-equity ratio of 73.92, a current ratio of 0.92 and a quick ratio of 1.02. The company has a 50-day moving average price of C$4.07 and a 200-day moving average price of C$4.43. The firm has a market capitalization of C$1.14 billion, a PE ratio of -49.78, a P/E/G ratio of -1.93 and a beta of 0.49.

WELL Health Technologies Company Profile

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. Its segments are grouped in three divisions; Omni-channel Patient Services – Primary includes clinical operations and allied health. Omni-channel Patient Services – Specialized comprises CRH and MyHealth under two segments.