WELL Health Technologies (TSE:WELL) Trading Down 1.4% – Here’s What Happened

WELL Health Technologies Corp. (TSE:WELL)’s share price was down 1.4% during mid-day trading on Monday . The stock traded as low as C$4.27 and last traded at C$4.28. 670,079 shares traded hands during trading, a decline of 53% from the average daily volume of 1,439,254 shares. The stock had previously closed at C$4.34.

Analyst Upgrades and Downgrades

WELL has been the subject of several research reports. Canaccord Genuity Group increased their price target on shares of WELL Health Technologies from C$6.50 to C$7.75 and gave the company a “buy” rating in a research report on Thursday, July 9th. Stifel Nicolaus boosted their target price on shares of WELL Health Technologies from C$8.00 to C$8.25 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of WELL Health Technologies from C$5.50 to C$6.00 and gave the company an “outperformer” rating in a research report on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$7.12.

WELL Health Technologies Stock Down 1.4%

The firm has a market capitalization of C$1.10 billion, a P/E ratio of 214.00, a PEG ratio of -1.93 and a beta of 0.90. The company has a debt-to-equity ratio of 100.05, a quick ratio of 1.02 and a current ratio of 0.80. The stock has a 50 day moving average of C$4.21 and a 200-day moving average of C$4.18.

WELL Health Technologies (TSE:WELL) last issued its earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share for the quarter. WELL Health Technologies had a net margin of 0.25% and a return on equity of 0.44%. The firm had revenue of C$400.43 million during the quarter. Research analysts predict that WELL Health Technologies Corp. will post 0.3000698 earnings per share for the current fiscal year.

WELL Health Technologies Company Profile

WELL Health Technologies Corp. (TSX: WELL) is Canada’s largest outpatient healthcare company and a leading provider of technology-enabled healthcare solutions. WELL is building the infrastructure for a healthier Canada, where every patient gets better care, every provider is empowered by AI, and every piece of health data is protected. WELL owns and operates more than 250 clinics in Canada, supporting more than 5 million annual patient visits. Through its subsidiary WELLSTAR, WELL provides electronic medical records, AI-powered clinical tools, patient engagement platforms and IT management services.