Quorum Information Technologies (CVE:QIS) Reaches New 52-Week Low - Here's What Happened

Key Points

• Quorum Information Technologies shares fell to a new 52-week low of C$0.68, closing at C$0.69 with a trading volume of 3,000 shares.
• The company's financial metrics include a debt-to-equity ratio of 28.76, indicating significant leverage, along with a market cap of C$50.78 million.
• Quorum specializes in software solutions for the automotive retail sector, including tools for dealership management and digital retailing.

Shares of Quorum Information Technologies Inc. (CVE:QIS - ) hit a new 52-week low during trading on Thursday . The company traded as low as C$0.68 and last traded at C$0.69, with a volume of 3000 shares traded. The stock had previously closed at C$0.70.

Quorum Information Technologies Stock Down 1.4%

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 market cap of C$50.78 million, a price-to-earnings ratio of 16.96 and a beta of 0.20. The firm's 50 day simple moving average is C$0.76 and its 200-day simple moving average is C$0.88.

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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