WELL Health Technologies (TSE:WELL) Trading Down 0.9% – Should You Sell?

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

Wall Street Analysts Forecast Growth

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

WELL Health Technologies Stock Performance

The stock has a fifty day moving average price of C$4.03 and a 200 day moving average price of C$4.57. The company has a current ratio of 1.14, a quick ratio of 1.02 and a debt-to-equity ratio of 46.79. The firm 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 earnings results on Thursday, November 6th. The company reported C$0.16 earnings per share for the quarter. The firm had revenue of C$364.60 million during the quarter. WELL Health Technologies had a return on equity of 8.74% and a net margin of 7.67%. As a group, analysts predict 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.