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Quorum Information Technologies (CVE:QIS) Reaches New 12-Month Low - Here's What Happened

Quorum Information Technologies logo with Computer and Technology background

Quorum Information Technologies Inc. (CVE:QIS - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.71 and last traded at C$0.71, with a volume of 28000 shares changing hands. The stock had previously closed at C$0.72.

Quorum Information Technologies Trading Down 1.4%

The company has a fifty day moving average of C$0.81 and a two-hundred day moving average of C$0.90. The company has a current ratio of 1.99, a quick ratio of 2.13 and a debt-to-equity ratio of 28.76. The stock has a market capitalization of C$52.25 million, a price-to-earnings ratio of 17.45 and a beta of 0.20.

Quorum Information Technologies Company Profile

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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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