Coveo Solutions (TSE:CVO) Trading 2% Higher - Here's What Happened

Shares of Coveo Solutions Inc. (TSE:CVO - Get Free Report) shot up 2% during trading on Thursday . The company traded as high as C$6.15 and last traded at C$6.09. 52,120 shares were traded during mid-day trading, a decline of 60% from the average session volume of 131,451 shares. The stock had previously closed at C$5.97.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Coveo Solutions from C$10.00 to C$11.00 in a research report on Wednesday, February 12th. Royal Bank of Canada decreased their price target on shares of Coveo Solutions from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, National Bankshares dropped their price objective on Coveo Solutions from C$8.50 to C$7.50 and set an "outperform" rating for the company in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$10.63.

Coveo Solutions Price Performance

The company has a current ratio of 1.85, a quick ratio of 3.14 and a debt-to-equity ratio of 5.36. The stock has a market cap of C$412.56 million, a PE ratio of -37.87, a PEG ratio of 0.09 and a beta of 0.75. The business has a 50-day moving average price of C$5.73 and a 200 day moving average price of C$6.24.

Coveo Solutions Company Profile

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company's solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.