Vitalhub (TSE:VHI) Shares Break Below 200-Day Moving Average – What’s Next?

Vitalhub Corp. (TSE:VHI) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$7.58 and traded as low as C$6.49. Vitalhub shares last traded at C$7.00, with a volume of 1,251,958 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a C$15.00 price target on Vitalhub and gave the stock a “buy” rating in a research note on Friday, August 28th. Six equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Vitalhub presently has an average rating of “Buy” and an average price target of C$12.67.

Vitalhub Trading Down 12.5%

The stock has a market capitalization of C$443.37 million, a P/E ratio of 58.33, a P/E/G ratio of 1.18 and a beta of 1.37. The stock’s 50 day simple moving average is C$7.56 and its 200 day simple moving average is C$7.58.

Vitalhub (TSE:VHI) last released its earnings results on Thursday, November 12th. The company reported C$0.04 earnings per share for the quarter. The company had revenue of C$31.91 million during the quarter. Vitalhub had a net margin of 5.89% and a return on equity of 2.79%. On average, sell-side analysts expect that Vitalhub Corp. will post 0.23 EPS for the current fiscal year.

Vitalhub Company Profile

VitalHub is a leading software company dedicated to empowering health and human services providers globally. VitalHub’s comprehensive product suite includes electronic health records, operational intelligence, and workforce automation solutions that serve over 1,300 clients across the UK, Canada, and other geographies. The Company has a robust two-pronged growth strategy, targeting organic opportunities within its product suite and pursuing an aggressive M&A plan. VitalHub is headquartered in Toronto with over 700 employees globally, across key regions and the VitalHub Innovations Lab in Sri Lanka.