WELL Health Technologies (TSE:WELL) Shares Up 3.3% – Time to Buy?

WELL Health Technologies Corp. (TSE:WELL) shares shot up 3.3% on Thursday . The company traded as high as C$4.05 and last traded at C$4.03. 1,320,169 shares were traded during mid-day trading, an increase of 44% from the average session volume of 918,469 shares. The stock had previously closed at C$3.90.

Analyst Ratings Changes

A number of brokerages have weighed in on WELL. Scotiabank cut their price target 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 note on Wednesday, April 16th. Ventum Financial cut their price objective on shares of WELL Health Technologies from C$8.00 to C$7.60 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. TD Securities cut their price objective on shares of WELL Health Technologies from C$8.50 to C$7.50 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. CIBC cut their price objective on shares of WELL Health Technologies from C$7.00 to C$5.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Finally, Royal Bank Of Canada cut their price objective on shares of WELL Health Technologies from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a research report on Monday, March 31st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$8.08.

WELL Health Technologies Trading Up 3.3%

The firm has a market capitalization of C$1.01 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of -1.93 and a beta of 1.20. The business’s 50-day moving average is C$3.99 and its 200 day moving average is C$5.22. The company has a debt-to-equity ratio of 46.79, a current ratio of 1.14 and a quick ratio of 1.02.

WELL Health Technologies Company Profile

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.