Vitalhub (TSE:VHI) Hits New 12-Month Low – Here’s Why

Vitalhub Corp. (TSE:VHI) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$6.62 and last traded at C$6.73, with a volume of 227868 shares. The stock had previously closed at C$6.80.

Analyst Ratings Changes

Several brokerages have recently weighed in on VHI. National Bank Financial decreased their price target on Vitalhub from C$14.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. ATB Cormark Capital Markets cut their price objective on shares of Vitalhub from C$16.50 to C$15.00 and set an “outperform” rating for the company in a research report on Tuesday, March 10th. Finally, Raymond James Financial reduced their price objective on shares of Vitalhub from C$15.00 to C$11.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$13.14.

Vitalhub Trading Down 0.3%

The firm has a fifty day simple moving average of C$7.50 and a two-hundred day simple moving average of C$8.04. The stock has a market cap of C$428.90 million, a PE ratio of 56.50, a PEG ratio of 1.18 and a beta of 0.88.

Vitalhub (TSE:VHI) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$31.91 million during the quarter. Vitalhub had a return on equity of 2.98% and a net margin of 6.13%. Equities analysts forecast that Vitalhub Corp. will post 0.2296467 earnings per share for the current year.

Insider Buying and Selling at Vitalhub

In other Vitalhub news, Director Steve Garrington sold 10,000 shares of Vitalhub stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of C$7.17, for a total transaction of C$71,700.00. Following the completion of the sale, the director directly owned 50,000 shares in the company, valued at C$358,500. The trade was a 16.67% decrease in their ownership of the stock. Also, Director Anthony Pius Shen purchased 7,000 shares of the business’s stock in a transaction on Monday, March 30th. The stock was bought at an average cost of C$7.11 per share, with a total value of C$49,770.00. Following the purchase, the director owned 12,470 shares in the company, valued at approximately C$88,661.70. This represents a 127.97% increase in their ownership of the stock. 18.57% of the stock is currently owned by company insiders.

Vitalhub Company Profile

Vitalhub Corp is Canada-based firm that develops technology solutions for health and human services providers in the mental health (child through adult), long term care, community health service, home health, social service, and acute care sectors. Its technologies include blockchain, mobile, patient flow, web-based assessment, and electronic health record solutions.