WELL Health Technologies (TSE:WELL) Stock Price Up 5.7% – Time to Buy?

Shares of WELL Health Technologies Corp. (TSE:WELL) rose 5.7% on Wednesday . The company traded as high as C$4.50 and last traded at C$4.43. Approximately 577,101 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 950,550 shares. The stock had previously closed at C$4.19.

Analysts Set New Price Targets

WELL has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on WELL Health Technologies from C$10.00 to C$9.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada lowered their target price on WELL Health Technologies from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a report on Monday, March 31st. TD Securities decreased their price objective on WELL Health Technologies from C$8.50 to C$7.50 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. CIBC lowered their price objective on WELL Health Technologies from C$7.00 to C$5.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Finally, Scotiabank lowered their price objective on WELL Health Technologies from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$8.08.

WELL Health Technologies Trading Up 0.7%

The company has a debt-to-equity ratio of 46.79, a quick ratio of 1.02 and a current ratio of 1.14. The stock has a market capitalization of C$1.03 billion, a PE ratio of 13.96, a PEG ratio of -1.93 and a beta of 1.20. The stock has a 50-day moving average price of C$4.36 and a two-hundred day moving average price of C$5.47.

WELL Health Technologies Company Profile

WELL Health Technologies Corp. operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally. It provides omni-channel patient services and solutions to specific markets, such as provider staffing, anesthesia, gastrointestinal health, women's health, primary care, and mental healthcare.