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WELL Health Technologies (TSE:WELL) Shares Up 8.7% - Here's What Happened

WELL Health Technologies logo with Medical background

WELL Health Technologies Corp. (TSE:WELL - Get Free Report) shot up 8.7% during trading on Tuesday . The stock traded as high as C$4.61 and last traded at C$4.60. 811,463 shares traded hands during trading, a decline of 13% from the average session volume of 929,430 shares. The stock had previously closed at C$4.23.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WELL shares. TD Securities decreased their price target on WELL Health Technologies from C$8.50 to C$7.50 and set a "buy" rating for the company in a report on Wednesday, April 16th. Ventum Financial decreased their price target on WELL Health Technologies from C$8.00 to C$7.60 and set a "buy" rating for the company in a report on Wednesday, April 16th. CIBC decreased their price target on WELL Health Technologies from C$7.00 to C$5.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Royal Bank Of Canada decreased their price target on WELL Health Technologies from C$8.50 to C$7.50 and set an "outperform" rating for the company in a report on Monday, March 31st. Finally, Stifel Nicolaus decreased their price target on WELL Health Technologies from C$10.00 to C$9.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$8.08.

Check Out Our Latest Stock Report on WELL

WELL Health Technologies Price Performance

The company has a debt-to-equity ratio of 46.79, a quick ratio of 1.02 and a current ratio of 1.14. The stock has a market capitalization of C$1.19 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of -1.93 and a beta of 1.20. The firm has a 50-day moving average price of C$4.02 and a 200 day moving average price of C$5.06.

About WELL Health Technologies

(Get Free Report)

WELL Health Technologies Corp. operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally. It provides omni-channel patient services and solutions to specific markets, such as provider staffing, anesthesia, gastrointestinal health, women's health, primary care, and mental healthcare.

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