WELL Health Technologies (TSE:WELL) Shares Down 1.2% - Time to Sell?

Key Points

• Shares fell 1.2% to C$4.27 on Friday (intraday low C$4.26) on below-average volume of ~1.14M shares versus a 1.46M average.
• Analyst update: Scotiabank cut its price target from C$7.00 to C$6.50 while keeping an "outperform" rating; the consensus remains a "Buy" with a C$6.25 average target.
• Key fundamentals show a C$1.09B market cap, high debt-to-equity (82.33), a negative P/E (-142.33) and a slight negative net margin; the company reported C$0.20 EPS for the quarter and analysts forecast ~C$0.30 for the fiscal year.

WELL Health Technologies Corp. (TSE:WELL - Get Free Report) fell 1.2% during trading on Friday . The stock traded as low as C$4.26 and last traded at C$4.27. 1,135,633 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 1,461,957 shares. The stock had previously closed at C$4.32.

Analyst Ratings Changes

Separately, Scotiabank reduced their price objective on shares of WELL Health Technologies from C$7.00 to C$6.50 and set an "outperform" rating for the company in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$6.25.

WELL Health Technologies Price Performance

The company has a debt-to-equity ratio of 82.33, a current ratio of 1.03 and a quick ratio of 1.02. The company's 50 day moving average is C$4.06 and its 200 day moving average is C$4.17. The stock has a market cap of C$1.09 billion, a price-to-earnings ratio of -142.33, a PEG ratio of -1.93 and a beta of 0.94.

WELL Health Technologies (TSE:WELL - Get Free Report) last announced its quarterly earnings data on Thursday, March 19th. The company reported C$0.20 EPS for the quarter. WELL Health Technologies had a negative net margin of 0.53% and a negative return on equity of 0.87%. The firm had revenue of C$384.77 million during the quarter. Research analysts forecast that WELL Health Technologies Corp. will post 0.3000698 earnings per share for the current fiscal year.

WELL Health Technologies Company Profile

WELL Health Technologies Corp is the owner and operator of a portfolio of Primary Hclinics delivering healthcare-related services It operates through below segments: clinical operations and allied health, Electronic medical record (EMR), Billing and revenue cycle management solutions, Digital apps, Cybersecurity, CRH, MyHealth, and corporate/shared services. Its segments are grouped in three divisions; Omni-channel Patient Services - Primary includes clinical operations and allied health. Omni-channel Patient Services - Specialized comprises CRH and MyHealth under two segments.

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