WELL Health Technologies (TSE:WELL) Shares Down 0.9% – Here’s Why

WELL Health Technologies Corp. (TSE:WELL)’s stock price traded down 0.9% during mid-day trading on Tuesday . The stock traded as low as C$4.23 and last traded at C$4.26. 1,090,335 shares changed hands during trading, a decline of 20% from the average session volume of 1,368,075 shares. The stock had previously closed at C$4.30.

Wall Street Analyst Weigh In

Separately, CIBC upgraded WELL Health Technologies from a “neutral” rating to an “outperform” rating in a report on Wednesday, December 3rd. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, WELL Health Technologies currently has a consensus rating of “Buy” and a consensus price target of C$7.43.

WELL Health Technologies Stock Down 0.9%

The business’s 50 day simple moving average is C$4.03 and its 200-day simple moving average is C$4.57. The company has a debt-to-equity ratio of 46.79, a quick ratio of 1.02 and a current ratio of 1.14. The company has a market cap of C$1.08 billion, a price-to-earnings ratio of -47.33, a price-to-earnings-growth ratio of -1.93 and a beta of 0.86.

WELL Health Technologies (TSE:WELL) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.16 earnings per share for the quarter. The business had revenue of C$364.60 million for the quarter. WELL Health Technologies had a net margin of 7.67% and a return on equity of 8.74%. Sell-side analysts expect that WELL Health Technologies Corp. will post 0.3000698 earnings per share for the current year.

About WELL Health Technologies

WELL Health Technologies Corp is the owner and operator of a portfolio of Primary Hclinics delivering healthcare-related services It operates through below segments: clinical operations and allied health, Electronic medical record (EMR), Billing and revenue cycle management solutions, Digital apps, Cybersecurity, CRH, MyHealth, and corporate/shared services. Its segments are grouped in three divisions; Omni-channel Patient Services – Primary includes clinical operations and allied health. Omni-channel Patient Services – Specialized comprises CRH and MyHealth under two segments.