Vitalhub (TSE:VHI) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Vitalhub shares crossed above their 200-day moving average, reaching C$7.75 and closing at C$7.71, up 2.4% with 70,877 shares traded.
• Analyst sentiment remains positive: Canaccord Genuity assigned a C$15.00 price target and Buy rating, while all six covering analysts rate the stock a Buy. The consensus target is C$12.67.
• In its latest quarter, Vitalhub reported C$0.03 in EPS and C$31.74 million in revenue, alongside a 5.89% net margin and 2.79% return on equity.

Vitalhub Corp. (TSE:VHI - Get Free Report) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$7.64 and traded as high as C$7.75. Vitalhub shares last traded at C$7.71, with a volume of 70,877 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$15.00 target price on shares of Vitalhub and gave the stock a "buy" rating in a research report on Friday, August 28th. Six investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Vitalhub has a consensus rating of "Buy" and an average target price of C$12.67.

Vitalhub Trading Up 2.4%

The business has a fifty day simple moving average of C$7.65 and a two-hundred day simple moving average of C$7.64. The stock has a market cap of C$487.73 million, a PE ratio of 64.25, a P/E/G ratio of 1.18 and a beta of 1.40.

Vitalhub (TSE:VHI - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.03 EPS for the quarter. Vitalhub had a return on equity of 2.79% and a net margin of 5.89%. The company had revenue of C$31.74 million during the quarter. On average, research analysts predict that Vitalhub Corp. will post 0.23 earnings per share for the current 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.

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