Stifel Nicolaus downgrades Quipt Home Medical (QIPT) to a Sell
Stifel Nicolaus analyst Justin Keywood downgraded Quipt Home Medical to a Sell yesterday and set a price target of C$5.10. The company’s shares closed yesterday at C$4.65.
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According to TipRanks, Keywood is an analyst with an average return of -5.3% and a 43.91% success rate. Keywood covers the Healthcare sector, focusing on stocks such as WELL Health Technologies Corp, Vitalhub, and HEALWELL AI.
Quipt Home Medical has an analyst consensus of Hold, with a price target consensus of C$5.31.
Based on Quipt Home Medical’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$58.29 million and a GAAP net loss of C$3.03 million. In comparison, last year the company earned a revenue of C$63.97 million and had a GAAP net loss of C$1.7 million
Read More on TSE:QIPT:
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