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Quorum Information Technologies (CVE:QIS) Sets New 1-Year 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 mid-day trading on Thursday . The stock traded as low as C$0.75 and last traded at C$0.74, with a volume of 53525 shares changing hands. The stock had previously closed at C$0.76.

Quorum Information Technologies Stock Up 2.7%

The firm has a 50-day simple moving average of C$0.88 and a 200 day simple moving average of C$0.92. The company has a market capitalization of C$55.93 million, a PE ratio of 18.68 and a beta of 0.20. The company has a debt-to-equity ratio of 28.76, a current ratio of 1.99 and a quick ratio of 2.13.

About Quorum Information Technologies

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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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