Vitalhub (TSE:VHI) Shares Break Below 200-Day Moving Average – What’s Next?

Vitalhub Corp. (TSE:VHI) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$7.58 and traded as low as C$6.49. Vitalhub shares last traded at C$7.00, with a volume of 1,251,958 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group set a C$15.00 target price on Vitalhub and gave the stock a “buy” rating in a research report on Friday, August 28th. Six equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$12.67.

Vitalhub Price Performance

The company has a market cap of C$443.37 million, a price-to-earnings ratio of 58.33, a P/E/G ratio of 1.18 and a beta of 1.37. The company’s 50-day simple moving average is C$7.56 and its 200-day simple moving average is C$7.58.

Vitalhub (TSE:VHI) last posted its earnings results on Thursday, November 12th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$31.91 million for the quarter. Vitalhub had a net margin of 5.89% and a return on equity of 2.79%. Equities analysts predict that Vitalhub Corp. will post 0.23 EPS for the current fiscal year.

About Vitalhub

VitalHub is a leading software company dedicated to empowering health and human services providers globally. VitalHub’s comprehensive product suite includes electronic health records, operational intelligence, and workforce automation solutions that serve over 1,300 clients across the UK, Canada, and other geographies. The Company has a robust two-pronged growth strategy, targeting organic opportunities within its product suite and pursuing an aggressive M&A plan. VitalHub is headquartered in Toronto with over 700 employees globally, across key regions and the VitalHub Innovations Lab in Sri Lanka.