Vitalhub (TSE:VHI) Reaches New 1-Year Low – Here’s What Happened

Vitalhub Corp. (TSE:VHI) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$8.19 and last traded at C$8.21, with a volume of 797535 shares traded. The stock had previously closed at C$8.53.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VHI. Scotiabank cut their price objective on shares of Vitalhub from C$15.00 to C$12.00 and set an “outperform” rating for the company in a research report on Wednesday. Royal Bank Of Canada cut their price target on Vitalhub from C$13.00 to C$12.00 and set an “outperform” rating for the company in a report on Monday, January 26th. Finally, Stifel Nicolaus set a C$15.00 price objective on Vitalhub and gave the stock a “buy” rating in a report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$14.33.

Vitalhub Price Performance

The business’s 50 day simple moving average is C$8.97 and its 200 day simple moving average is C$10.59. The stock has a market cap of C$511.44 million, a P/E ratio of 203.50, a PEG ratio of 1.18 and a beta of 0.83.

Vitalhub (TSE:VHI) last issued its earnings results on Thursday, November 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$32.04 million during the quarter. Vitalhub had a return on equity of 3.01% and a net margin of 5.11%. Research analysts predict that Vitalhub Corp. will post 0.2296467 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Francis Nelson Shen acquired 148,700 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was bought at an average cost of C$9.05 per share, with a total value of C$1,345,735.00. Following the completion of the acquisition, the director owned 148,700 shares in the company, valued at C$1,345,735. The trade was a ∞ increase in their ownership of the stock. Also, Director Anthony Pius Shen bought 5,470 shares of Vitalhub stock in a transaction dated Tuesday, December 23rd. The stock was purchased at an average price of C$9.23 per share, for a total transaction of C$50,488.10. Following the purchase, the director directly owned 5,470 shares in the company, valued at C$50,488.10. This represents a ∞ increase in their position. 18.57% of the stock is currently owned by company insiders.

About Vitalhub

Vitalhub Corp is Canada-based firm that develops technology solutions for health and human services providers in the mental health (child through adult), long term care, community health service, home health, social service, and acute care sectors. Its technologies include blockchain, mobile, patient flow, web-based assessment, and electronic health record solutions.