WELL Health Technologies (TSE:WELL) Stock Price Down 7.4% – What’s Next?

WELL Health Technologies Corp. (TSE:WELL) shares traded down 7.4% during trading on Friday . The stock traded as low as C$3.83 and last traded at C$3.88. 1,266,680 shares traded hands during trading, a decline of 10% from the average session volume of 1,400,748 shares. The stock had previously closed at C$4.19.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WELL shares. Canadian Imperial Bank of Commerce raised WELL Health Technologies from a “neutral” rating to an “outperform” rating in a research note on Wednesday, December 3rd. Scotiabank decreased their target price on shares of WELL Health Technologies from C$7.00 to C$6.50 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$7.35.

WELL Health Technologies Stock Performance

The stock has a fifty day simple moving average of C$4.11 and a two-hundred day simple moving average of C$4.37. The company has a debt-to-equity ratio of 73.92, a quick ratio of 1.02 and a current ratio of 0.92. The stock has a market capitalization of C$957.14 million, a price-to-earnings ratio of -41.89, a P/E/G ratio of -1.93 and a beta of 0.85.

WELL Health Technologies (TSE:WELL) last announced its quarterly earnings data on Thursday, March 19th. The company reported C$0.20 earnings per share (EPS) for the quarter. WELL Health Technologies had a negative return on equity of 5.95% and a negative net margin of 3.59%.The company had revenue of C$384.77 million for the quarter. Analysts forecast that WELL Health Technologies Corp. will post 0.3000698 earnings per share for the current fiscal year.

WELL Health Technologies Company Profile

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.