WELL Health Technologies (TSE:WELL) Shares Down 2% - Here's Why

WELL Health Technologies Corp. (TSE:WELL - Get Free Report)'s stock price dropped 2% during trading on Monday . The stock traded as low as C$4.01 and last traded at C$4.02. Approximately 746,964 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 942,949 shares. The stock had previously closed at C$4.10.

Analyst Ratings Changes

WELL has been the subject of several recent research reports. TD Securities cut 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. Scotiabank cut their price target on WELL Health Technologies from C$8.00 to C$7.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. CIBC cut 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. Ventum Financial cut 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. Finally, Stifel Nicolaus cut 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 investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, WELL Health Technologies presently has an average rating of "Moderate Buy" and a consensus price target of C$8.08.

WELL Health Technologies Stock Performance

The firm has a 50 day simple moving average of C$4.08 and a 200-day simple moving average of C$5.42. The company has a debt-to-equity ratio of 46.79, a current ratio of 1.14 and a quick ratio of 1.02. The company has a market cap of C$989.69 million, a price-to-earnings ratio of 13.42, a PEG ratio of -1.93 and a beta of 1.20.

About WELL Health Technologies

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.