Vitalhub (TSE:VHI) Reaches New 1-Year Low – Here’s Why

Vitalhub Corp. (TSE:VHI)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$7.60 and last traded at C$7.68, with a volume of 451230 shares changing hands. The stock had previously closed at C$8.10.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VHI shares. Royal Bank Of Canada cut their target price on shares of Vitalhub from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. Scotiabank dropped their price target on shares of Vitalhub from C$15.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Finally, ATB Cormark Capital Markets cut their price objective on shares of Vitalhub from C$16.50 to C$15.00 and set an “outperform” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$14.43.

Vitalhub Price Performance

The stock has a market cap of C$484.14 million, a P/E ratio of 191.75, a PEG ratio of 1.18 and a beta of 0.65. The firm’s fifty day moving average price is C$8.45 and its two-hundred day moving average price is C$9.71.

Insider Transactions at Vitalhub

In related news, Director Francis Nelson Shen purchased 148,700 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were purchased at an average price of C$9.05 per share, with a total value of C$1,345,735.00. Following the acquisition, the director directly owned 148,700 shares of the company’s stock, valued at approximately C$1,345,735. This represents a ∞ increase in their ownership of the stock. Also, Director Anthony Pius Shen purchased 5,470 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average cost of C$9.23 per share, for a total transaction of C$50,488.10. Following the acquisition, the director directly owned 5,470 shares in the company, valued at approximately C$50,488.10. The trade was a ∞ increase in their ownership of the stock. 18.57% of the stock is owned by corporate insiders.

Vitalhub Company Profile

Vitalhub Corp is Canada-based firm that develops technology solutions for health and human services providers in the mental health (child through adult), long term care, community health service, home health, social service, and acute care sectors. Its technologies include blockchain, mobile, patient flow, web-based assessment, and electronic health record solutions.