WELL Health Technologies (TSE:WELL) Trading Up 2.3% – Should You Buy?

Shares of WELL Health Technologies Corp. (TSE:WELL) rose 2.3% on Friday . The company traded as high as C$4.42 and last traded at C$4.38. Approximately 1,906,929 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 1,466,493 shares. The stock had previously closed at C$4.28.

Analysts Set New Price Targets

Separately, Scotiabank reduced their target price on WELL Health Technologies from C$7.00 to C$6.50 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$6.25.

WELL Health Technologies Stock Up 2.3%

The company has a current ratio of 0.83, a quick ratio of 1.02 and a debt-to-equity ratio of 91.15. The business has a 50-day moving average price of C$4.05 and a 200-day moving average price of C$4.05. The firm has a market cap of C$1.12 billion, a P/E ratio of 39.82, a P/E/G ratio of -1.93 and a beta of 0.93.

WELL Health Technologies (TSE:WELL) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.06 earnings per share (EPS) for the quarter. WELL Health Technologies had a return on equity of 3.15% and a net margin of 1.82%.The business had revenue of C$368.26 million for the quarter. On average, equities analysts forecast that WELL Health Technologies Corp. will post 0.3000698 EPS 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.