Quorum Information Technologies (CVE:QIS) Shares Down 12.5% - Time to Sell?

Key Points

• Quorum Information Technologies' shares experienced a significant drop of 12.5%, trading at C$0.70 during mid-day on Wednesday.
• The company reported a debt-to-equity ratio of 28.76 and a current ratio of 1.99, indicating its financial leverage and liquidity position.
• Quorum develops software products for the automotive retail sector, including systems for dealership management and digital retailing.

Quorum Information Technologies Inc. (CVE:QIS - ) shares fell 12.5% during mid-day trading on Wednesday . The company traded as low as C$0.70 and last traded at C$0.70. 82,090 shares traded hands during mid-day trading, an increase of 209% from the average session volume of 26,584 shares. The stock had previously closed at C$0.80.

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 stock has a fifty day moving average price of C$0.73 and a 200-day moving average price of C$0.85. The company has a market cap of C$51.52 million, a PE ratio of 35.00 and a beta of 0.93.

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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