Quorum Information Technologies (CVE:QIS) Trading Up 11.4% - Here's Why

Key Points

• Quorum Information Technologies Inc. saw its stock price increase by 11.4% during mid-day trading, reaching as high as C$0.80, with a total trading volume of approximately 53,013 shares.
• The company has a market capitalization of C$57.44 million and a PE ratio of 41.05, indicating its valuation in the market.
• Quorum specializes in automotive retail technology, developing software solutions like dealership management systems and digital retailing platforms.

Quorum Information Technologies Inc. (CVE:QIS - ) was up 11.4% during mid-day trading on Wednesday . The company traded as high as C$0.80 and last traded at C$0.78. Approximately 53,013 shares were traded during trading, an increase of 104% from the average daily volume of 25,927 shares. The stock had previously closed at C$0.70.

Quorum Information Technologies Price Performance

The business's fifty day moving average is C$0.72 and its 200-day moving average is C$0.83. 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 firm has a market cap of C$57.44 million, a PE ratio of 41.05 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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