WELL Health Technologies (TSE:WELL) Reaches New 1-Year Low – Here’s What Happened

WELL Health Technologies Corp. (TSE:WELL)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$3.58 and last traded at C$3.80, with a volume of 2994113 shares traded. The stock had previously closed at C$3.94.

Wall Street Analyst Weigh In

Separately, CIBC lifted their price target on shares of WELL Health Technologies from C$5.25 to C$6.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$8.20.

WELL Health Technologies Stock Performance

The stock has a fifty day moving average price of C$4.84 and a two-hundred day moving average price of C$4.58. The company has a market cap of C$987.60 million, a P/E ratio of -43.22, a PEG ratio of -1.93 and a beta of 1.05. The company has a debt-to-equity ratio of 46.79, a current ratio of 1.14 and a quick ratio of 1.02.

WELL Health Technologies (TSE:WELL) last released its earnings results on Thursday, November 6th. The company reported C$0.16 earnings per share for the quarter. WELL Health Technologies had a return on equity of 8.74% and a net margin of 7.67%.The company had revenue of C$364.60 million for the quarter. On average, equities analysts forecast that WELL Health Technologies Corp. will post 0.3000698 earnings per share for the current fiscal year.

Insider Buying and Selling

In other WELL Health Technologies news, insider Eva Fong sold 15,000 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of C$4.75, for a total value of C$71,250.00. Following the completion of the sale, the insider directly owned 1,973,819 shares of the company’s stock, valued at C$9,375,640.25. This represents a 0.75% decrease in their position. 6.80% of the stock is currently owned by insiders.

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.