WELL Health Technologies (TSE:WELL) Trading Up 0.2% - Still a Buy?

Key Points

• WELL Health Technologies stock price increased by 0.2% to C$4.82 amidst a trading volume of approximately 596,107 shares, which is significantly lower than its average volume.
• Several analysts have reduced their price targets for the stock, with Scotiabank lowering its objective from C$8.00 to C$7.00, while other firms like CIBC and TD Securities have also adjusted their ratings.
• The company maintains a market capitalization of C$1.20 billion and has a consensus rating of "Moderate Buy" based on analyst reports, indicating optimism about its future performance.

Shares of WELL Health Technologies Corp. (TSE:WELL - Get Free Report) shot up 0.2% on Tuesday . The company traded as high as C$4.91 and last traded at C$4.82. 596,107 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 919,042 shares. The stock had previously closed at C$4.81.

WELL Health Technologies Stock Performance

The company has a current ratio of 1.14, a quick ratio of 1.02 and a debt-to-equity ratio of 46.79. The company has a market cap of C$1.19 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of -1.93 and a beta of 1.20. The stock has a 50 day moving average price of C$4.43 and a two-hundred day moving average price of C$4.66.

About WELL Health Technologies

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.