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

Vitalhub Corp. (TSE:VHI)’s stock price dropped 0.7% on Tuesday. The company traded as low as C$7.28 and last traded at C$7.33. 71,167 shares traded hands during trading, a decline of 77% from the average daily volume of 314,064 shares. The stock had previously closed at C$7.38.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$15.00 price target on shares of Vitalhub and gave the company a “buy” rating in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$13.00.

Vitalhub Stock Up 0.3%

The company has a market capitalization of C$476.94 million, a P/E ratio of 62.75, a P/E/G ratio of 1.18 and a beta of 1.14. The firm’s 50-day moving average price is C$7.60 and its 200 day moving average price is C$7.44.

Vitalhub (TSE:VHI) last announced its quarterly 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 net margin of 5.89% and a return on equity of 2.79%. As a group, equities research analysts expect 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.