CloudMD Software & Services (CVE:DOC) Stock Price Down 6.2%

Shares of CloudMD Software & Services Inc. (CVE:DOC – Get Rating) traded down 6.2% on Wednesday . The company traded as low as C$0.23 and last traded at C$0.23. 286,296 shares changed hands during trading, a decline of 4% from the average session volume of 297,321 shares. The stock had previously closed at C$0.24.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Bloom Burton raised CloudMD Software & Services from a “hold” rating to an “accumulate” rating in a research report on Wednesday, November 16th. Canaccord Genuity Group reduced their target price on CloudMD Software & Services from C$0.40 to C$0.25 in a report on Wednesday, November 16th.

CloudMD Software & Services Trading Down 6.2 %

The stock has a market capitalization of C$65.99 million and a PE ratio of -1.72. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 24.24. The stock has a 50 day moving average price of C$0.20 and a 200-day moving average price of C$0.28.

CloudMD Software & Services (CVE:DOC – Get Rating) last released its quarterly earnings results on Monday, November 14th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.01 by C($0.04). The firm had revenue of C$27.51 million during the quarter, compared to analysts’ expectations of C$41.23 million. Sell-side analysts expect that CloudMD Software & Services Inc. will post 0.01 earnings per share for the current year.

CloudMD Software & Services Company Profile

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CloudMD Software & Services Inc operates as a healthcare technology company in North America. The company operates through three segments: Clinic Services & Pharmacies, Digital Health Services, and Enterprise Health Solutions. It offers enterprise health solutions, including mental health support, healthcare navigation, rehabilitation and assessments, education, and absence management and occupational health.