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

WELL Health Technologies Corp. (TSE:WELL)’s share price traded down 5.4% on Tuesday . The stock traded as low as C$3.68 and last traded at C$4.04. 1,813,477 shares changed hands during mid-day trading, an increase of 87% from the average session volume of 971,328 shares. The stock had previously closed at C$4.27.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Scotiabank lowered their target price on shares of WELL Health Technologies from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a report on Wednesday. TD Securities reduced their price objective on shares of WELL Health Technologies from C$8.50 to C$7.50 and set a “buy” rating on the stock in a research note on Wednesday. Stifel Nicolaus dropped their target price on shares of WELL Health Technologies from C$10.00 to C$9.00 and set a “buy” rating for the company in a research report on Wednesday. Ventum Financial reduced their price target on shares of WELL Health Technologies from C$8.00 to C$7.60 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada lowered their price objective on shares of WELL Health Technologies from C$8.50 to C$7.50 and set an “outperform” rating for the company in a research report on Monday, March 31st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$8.08.

WELL Health Technologies Stock Performance

The firm has a market capitalization of C$992.19 million, a price-to-earnings ratio of 13.45, a PEG ratio of -1.93 and a beta of 1.20. The company has a current ratio of 1.14, a quick ratio of 1.02 and a debt-to-equity ratio of 46.79. The stock’s 50-day moving average is C$5.15 and its 200-day moving average is C$5.55.

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.