Quorum Information Technologies (CVE:QIS) Shares Up 1.1% – Should You Buy?

Quorum Information Technologies Inc. (CVE:QIS)’s share price rose 1.1% during mid-day trading on Monday . The company traded as high as C$0.94 and last traded at C$0.94. Approximately 1,515 shares changed hands during trading, a decline of 95% from the average daily volume of 27,719 shares. The stock had previously closed at C$0.93.

Quorum Information Technologies Trading Up 1.1 %

The company has a current ratio of 2.12, a quick ratio of 2.13 and a debt-to-equity ratio of 41.17. The company has a market cap of C$69.17 million, a price-to-earnings ratio of 30.67 and a beta of 0.20. The firm’s 50-day moving average price is C$0.93 and its 200 day moving average price is C$0.89.

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.