Quipt Home Medical (TSE:QIPT) Trading 4% Higher

Quipt Home Medical Corp. (TSE:QIPT) shot up 4% on Monday . The stock traded as high as C$4.42 and last traded at C$4.41. 38,150 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 31,849 shares. The stock had previously closed at C$4.24.

Wall Street Analysts Forecast Growth

Separately, Eight Capital reduced their target price on Quipt Home Medical from C$13.00 to C$10.00 and set a “buy” rating on the stock in a report on Friday, May 17th.

Quipt Home Medical Trading Down 3.2 %

The stock has a market cap of C$176.24 million, a P/E ratio of -28.50 and a beta of 1.06. The company’s 50 day moving average price is C$4.71 and its two-hundred day moving average price is C$5.55.

About Quipt Home Medical

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.