Quipt Home Medical (NASDAQ:QIPT) Issues Earnings Results

Quipt Home Medical (NASDAQ:QIPT) announced its quarterly earnings results on Monday. The company reported ($0.03) EPS for the quarter, Zacks reports. Quipt Home Medical had a negative net margin of 2.66% and a negative return on equity of 6.18%.

Quipt Home Medical Stock Up 1.7 %

NASDAQ:QIPT opened at $3.02 on Tuesday. Quipt Home Medical has a 1 year low of $2.30 and a 1 year high of $4.98. The business has a 50 day simple moving average of $2.88 and a 200-day simple moving average of $2.86. The company has a quick ratio of 0.86, a current ratio of 1.20 and a debt-to-equity ratio of 0.73.

Insider Activity

In related news, VP Patrick Dennis Gamble acquired 17,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was acquired at an average cost of $2.45 per share, with a total value of $41,650.00. Following the purchase, the vice president now directly owns 40,057 shares of the company’s stock, valued at approximately $98,139.65. This trade represents a 73.73 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 13.40% of the company’s stock.

Quipt Home Medical Company Profile

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.