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Quipt Home Medical (TSE:QIPT) Shares Up 22.6% - Here's Why

Quipt Home Medical logo with Medical background

Key Points

  • Quipt Home Medical shares surged by 22.6% on Monday, reaching a high of C$3.69 before closing at C$3.64.
  • The stock's trading volume increased by 213% compared to its average daily volume, indicating heightened investor interest.
  • Quipt Home Medical specializes in providing in-home monitoring equipment and various medical services, including respiratory equipment and oxygen therapy.
  • Five stocks we like better than Quipt Home Medical.

Quipt Home Medical Corp. (TSE:QIPT - Get Free Report)'s stock price was up 22.6% during trading on Monday . The stock traded as high as C$3.69 and last traded at C$3.64. Approximately 84,705 shares were traded during trading, an increase of 213% from the average daily volume of 27,072 shares. The stock had previously closed at C$2.97.

Quipt Home Medical Price Performance

The firm's 50 day moving average is C$2.89 and its 200 day moving average is C$3.00. The firm has a market cap of C$156.40 million, a P/E ratio of -15.00 and a beta of 0.82.

About Quipt Home Medical

(Get Free Report)

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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