WELL Health Technologies (TSE:WELL) Trading 4.9% Higher – Time to Buy?

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

Wall Street Analysts Forecast Growth

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

WELL Health Technologies Stock Performance

The company has a market capitalization of C$1.10 billion, a P/E ratio of -48.33, a P/E/G ratio of -1.93 and a beta of 0.85. The company has a current ratio of 0.92, a quick ratio of 1.02 and a debt-to-equity ratio of 73.92. The company’s fifty day moving average is C$4.08 and its 200 day moving average is C$4.43.

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. 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.