Quipt Home Medical (TSE:QIPT) Trading 4% Higher - Here's What Happened

Key Points

• Quipt Home Medical Corp. saw its stock price increase by 4% during mid-day trading, reaching C$2.84, after closing at C$2.73.
• Despite the price increase, trading volume fell by 26% compared to the average session volume.
• The company is involved in providing in-home monitoring equipment and services, including respiratory equipment and oxygen therapy.

Quipt Home Medical Corp. (TSE:QIPT - )'s stock price traded up 4% during mid-day trading on Friday . The company traded as high as C$2.84 and last traded at C$2.84. 20,141 shares were traded during mid-day trading, a decline of 26% from the average session volume of 27,255 shares. The stock had previously closed at C$2.73.

Quipt Home Medical Price Performance

The business's 50 day moving average price is C$2.77 and its 200-day moving average price is C$3.07. The company has a market cap of C$86.05 million, a P/E ratio of -11.72 and a beta of 1.01.

Quipt Home Medical Company Profile

Quipt Home Medical Corp provides in-home monitoring equipment, supplies, and services to patients. The company's services consist of Daily & Ambulatory Aides, Power Mobility, INR Self-Testing, Respiratory Equipment Rental, Home ventilation, Oxygen Therapy, and Sleep Apnea & PAP Treatment.

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