Topicus.com (CVE:TOI) Shares Down 2.6% – Time to Sell?

Topicus.com Inc. (CVE:TOI) shares dropped 2.6% during trading on Wednesday . The stock traded as low as C$93.10 and last traded at C$93.10. Approximately 67,531 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 107,562 shares. The stock had previously closed at C$95.58.

Wall Street Analyst Weigh In

Several research firms have issued reports on TOI. TD Securities decreased their price target on shares of Topicus.com from C$201.00 to C$140.00 in a research report on Thursday, February 19th. Royal Bank Of Canada reduced their price target on shares of Topicus.com from C$160.00 to C$150.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Finally, TD upped their target price on shares of Topicus.com from C$140.00 to C$145.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$145.00.

Topicus.com Stock Performance

The business’s 50-day simple moving average is C$95.62. The firm has a market capitalization of C$8.31 billion, a price-to-earnings ratio of 269.54 and a beta of -0.06.