Quorum Information Technologies (CVE:QIS) Shares Down 1.4% - Time to Sell?

Key Points

• Quorum Information Technologies Inc. (CVE:QIS) shares fell 1.4%, trading as low as C$0.68, with an average daily volume decline of 88% to approximately 3,000 shares.
• The company's financial metrics include a market cap of C$50.78 million, a PE ratio of 16.96, and a debt-to-equity ratio of 28.76.
• Quorum specializes in software products for the automotive retail sector, including solutions for dealership management and digital retailing.

Shares of Quorum Information Technologies Inc. (CVE:QIS - ) were down 1.4% on Wednesday . The company traded as low as C$0.68 and last traded at C$0.69. Approximately 3,000 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 25,696 shares. The stock had previously closed at C$0.70.

Quorum Information Technologies Stock Down 1.4%

The business has a fifty day simple moving average of C$0.76 and a two-hundred day simple moving average of C$0.88. 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 company has a market cap of C$50.78 million, a PE ratio of 16.96 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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