Quorum Information Technologies (CVE:QIS) Reaches New 1-Year Low - Here's Why

Key Points

• Quorum Information Technologies (CVE:QIS) has reached a new 52-week low, trading at C$0.70 with a volume of 48,507 shares.
• The company's market capitalization is C$51.52 million, and it has a notable debt-to-equity ratio of 28.76.
• Quorum specializes in software solutions for the automotive retail market, offering products such as Quorum DMS and Menu for dealership management and digital retailing.

Quorum Information Technologies Inc. (CVE:QIS - ) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.70 and last traded at C$0.70, with a volume of 48507 shares traded. The stock had previously closed at C$0.73.

Quorum Information Technologies Price Performance

The company has a debt-to-equity ratio of 28.76, a current ratio of 1.99 and a quick ratio of 2.13. The company has a fifty day moving average price of C$0.77 and a 200 day moving average price of C$0.88. The company has a market capitalization of C$51.52 million, a P/E ratio of 17.20 and a beta of 0.20.

About Quorum Information Technologies

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.

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