Quipt Home Medical Corp. Hits Day High with 8.17% Surge
Quipt Home Medical Corp. saw a significant stock increase today, contrasting with the modest gain of the S&P/TSX 60. Despite recent positive trends, the company has struggled with negative results over the past eight quarters and has a low return on capital employed, alongside inventory management challenges.
Quipt Home Medical Corp. has experienced a notable surge today, with the stock rising by 8.17% and reaching an intraday high of CAD 3.36. This performance stands in contrast to the S&P/TSX 60, which recorded a modest gain of 0.9% for the day. Over the past week, Quipt has shown a positive trend, increasing by 2.16%, while the broader index declined by 0.25%.Despite today's gains, Quipt Home Medical Corp. has faced significant challenges over the longer term. The company has reported negative results for the last eight consecutive quarters, with a return on capital employed (ROCE) at a low -9.96%. Additionally, its inventory turnover ratio stands at 4.84, indicating potential inefficiencies in managing stock.
With a market capitalization of CAD 159 million, Quipt operates within the miscellaneous industry and has a debt-to-equity ratio of 0.68. The stock's performance over the past year has been underwhelming, generating a return of just 0.27%, significantly lagging behind the S&P/TSX 60's 22.54% return.
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