Quorum Information Technologies (CVE:QIS) Sets New 12-Month High - Time to Buy?

Quorum Information Technologies Inc. (CVE:QIS) reached a new 52-week high in trading on Monday. The stock climbed to a peak of C$0.98 and concluded trading at C$0.98, with a total trading volume of 84,858 shares. This was an increase from the previous closing price of C$0.95.

Quorum Information Technologies Stock Increase

The stock price of Quorum Information Technologies rose by 3.2%. Currently, the company has a debt-to-equity ratio of 41.17, a current ratio of 2.12, and a quick ratio of 2.13. The market capitalization stands at C$72.11 million, with a price-to-earnings ratio of 30.67 and a beta of 0.20. The firm's 50-day moving average is C$0.90, and the 200-day moving average is C$0.87.

Overview of Quorum Information Technologies

Quorum Information Technologies Inc. is primarily engaged in the automotive retail industry in both Canada and the United States. The company specializes in developing, marketing, implementing, and supporting software solutions for the automotive market. Their main products include Quorum DMS, a dealership management system; Autovance Desk, Menu, and MyDeal, which are systems for sales desking, menuing, and digital retailing; DealerMine, a service and sales Customer Relationship Management tool; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.

Should Investors Consider Quorum Information Technologies Now?

Before making any investment decisions about Quorum Information Technologies, consider the following. Current analysts maintain a "Hold" rating for the stock. Despite this, financial experts have highlighted five other stocks that they recommend as better investment options currently. Therefore, investors should evaluate their choices carefully before proceeding.

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