Vitalhub (TSE:VHI) Stock Falls 0.7% – Here’s What Happened

Vitalhub Corp. (TSE:VHI) was down 0.7% on Tuesday. The stock traded as low as C$7.28 and last traded at C$7.33. Approximately 71,167 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 314,064 shares. The stock had previously closed at C$7.38.

Wall Street Analyst Weigh In

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. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Vitalhub has an average rating of “Buy” and an average target price of C$13.00.

Vitalhub Trading Down 0.7%

The stock’s fifty day simple moving average is C$7.59 and its 200 day simple moving average is C$7.44. The company has a market cap of C$464.27 million, a price-to-earnings ratio of 61.08, a P/E/G ratio of 1.18 and a beta of 1.14.

Vitalhub (TSE:VHI) last issued its earnings results on Thursday, August 6th. The company reported C$0.03 earnings per share for the quarter. The business had revenue of C$31.74 million for the quarter. Vitalhub had a return on equity of 2.79% and a net margin of 5.89%. On average, analysts predict that Vitalhub Corp. will post 0.2296467 EPS for the current year.

About Vitalhub

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.