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WELL Health Technologies (TSE:WELL) Trading Down 1.6% - Here's What Happened

WELL Health Technologies logo with Medical background

WELL Health Technologies Corp. (TSE:WELL - Get Free Report)'s share price was down 1.6% on Wednesday . The company traded as low as C$3.74 and last traded at C$3.80. Approximately 932,325 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 960,336 shares. The stock had previously closed at C$3.86.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WELL shares. Royal Bank of Canada decreased their price objective on WELL Health Technologies from C$8.50 to C$7.50 and set an "outperform" rating on the stock in a report on Monday, March 31st. Scotiabank decreased their target price on shares of WELL Health Technologies from C$8.00 to C$7.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Stifel Nicolaus dropped their price target on shares of WELL Health Technologies from C$10.00 to C$9.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. CIBC lowered their price objective on WELL Health Technologies from C$7.00 to C$5.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, TD Securities dropped their target price 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, WELL Health Technologies currently has a consensus rating of "Moderate Buy" and an average target price of C$8.08.

Read Our Latest Report on WELL

WELL Health Technologies Trading Down 1.6 %

The company has a market capitalization of C$949.70 million, a P/E ratio of 12.88, a PEG ratio of -1.93 and a beta of 1.20. The business has a 50 day moving average price of C$4.52 and a 200 day moving average price of C$5.49. The company has a current ratio of 1.14, a quick ratio of 1.02 and a debt-to-equity ratio of 46.79.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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