WELL Health Technologies (TSE:WELL) Trading Down 2% – Should You Sell?

WELL Health Technologies Corp. (TSE:WELL) shares traded down 2% during trading on Monday . The company traded as low as C$4.01 and last traded at C$4.02. 746,964 shares traded hands during trading, a decline of 21% from the average session volume of 942,949 shares. The stock had previously closed at C$4.10.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank of Canada lowered their target price on shares of WELL Health Technologies from C$8.50 to C$7.50 and set an “outperform” rating for the company in a report on Monday, March 31st. Stifel Nicolaus lowered their target price on shares of 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. TD Securities lowered their target price on shares of 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. Ventum Financial decreased their price target on shares of 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, CIBC lowered their price objective on shares of WELL Health Technologies from C$7.00 to C$5.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$8.08.

WELL Health Technologies Stock Performance

The stock’s 50 day moving average price is C$4.10 and its 200 day moving average price is C$5.43. 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 capitalization of C$1.00 billion, a price-to-earnings ratio of 13.62, a P/E/G 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.