Quorum Information Technologies Inc. Forecasted to Earn FY2024 Earnings of $0.03 Per Share (CVE:QIS)

Quorum Information Technologies Inc. (CVE:QIS) – Investment analysts at Cormark lifted their FY2024 earnings estimates for Quorum Information Technologies in a research report issued to clients and investors on Friday, April 26th. Cormark analyst G. Fairweather now expects that the company will post earnings per share of $0.03 for the year, up from their prior estimate of $0.02. The consensus estimate for Quorum Information Technologies’ current full-year earnings is $0.02 per share. Cormark also issued estimates for Quorum Information Technologies’ FY2025 earnings at $0.05 EPS.

Quorum Information Technologies Trading Down 1.3 %

Shares of Quorum Information Technologies stock opened at C$0.74 on Monday. Quorum Information Technologies has a 1-year low of C$0.42 and a 1-year high of C$0.80. The company’s fifty day simple moving average is C$0.72 and its 200-day simple moving average is C$0.66. The company has a debt-to-equity ratio of 56.24, a current ratio of 2.39 and a quick ratio of 2.13. The stock has a market capitalization of C$54.39 million, a PE ratio of -74.00 and a beta of 0.12.

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 XSellerator, a dealership management system that automates, integrates, and streamlines processes across departments in a dealership; and DealerMine CRM, a sales and service customer relationship management system, as well as a set of business development center services.