Quorum Information Technologies (CVE:QIS) Hits New 1-Year High – Still a Buy?

Quorum Information Technologies Inc. (CVE:QIS)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$1.00 and last traded at C$1.00, with a volume of 17700 shares changing hands. The stock had previously closed at C$0.99.

Quorum Information Technologies Stock Performance

The firm’s 50-day moving average is C$0.95 and its 200 day moving average is C$0.91. The stock has a market cap of C$73.59 million, a PE ratio of 24.57 and a beta of 0.20. The company has a debt-to-equity ratio of 28.76, a quick ratio of 2.13 and a current ratio of 1.99.

About Quorum Information Technologies

Quorum Information Technologies Inc, an information technology company, focuses on the automotive retail business in Canada and the United States. The company develops, markets, implements, and supports software products for the automotive market, including Quorum DMS, a dealership management system; Autovance Desk; Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service, Sales Customer Relationship Management, and Business Development Centre; Accessible Accessories, a digital retailing platform; and VINN, an automotive marketplace.