Vitalhub (TSE:VHI) Stock Falls 18.9% – Here’s Why

Shares of Vitalhub Corp. (TSE:VHI) dropped 18.9% on Friday. The stock traded as low as C$6.49 and last traded at C$6.49. Approximately 870,732 shares changed hands during mid-day trading, an increase of 195% from the average daily volume of 294,716 shares. The stock had previously closed at C$8.00.

Analyst Ratings Changes

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

Vitalhub Stock Down 12.5%

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

Vitalhub (TSE:VHI) last posted its quarterly earnings data on Thursday, November 12th. The company reported C$0.04 earnings per share for the quarter. Vitalhub had a net margin of 5.89% and a return on equity of 2.79%. The company had revenue of C$31.91 million during the quarter. As a group, equities analysts anticipate 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.