RE:RE:U.S coverage Benchmark Begins Coverage on Quipt Home Medical (NASDAQ:QIPT)
Benchmark began coverage on shares of Quipt Home Medical (NASDAQ:QIPT) in a research report issued on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.
Separately, Raymond James restated an “outperform” rating and issued a $9.00 price objective on shares of Quipt Home Medical in a research note on Wednesday, August 25th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Quipt Home Medical has a consensus rating of “Buy” and a consensus target price of $9.00.
Shares of QIPT opened at $5.72 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average is $6.12. Quipt Home Medical has a 1-year low of $4.40 and a 1-year high of $8.40.
Quipt Home Medical (NASDAQ:QIPT) last announced its earnings results on Sunday, August 22nd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.16. The company had revenue of $26.24 million for the quarter, compared to analysts’ expectations of $26.80 million. Sell-side analysts expect that Quipt Home Medical will post -0.22 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. CLARET ASSET MANAGEMENT Corp purchased a new stake in shares of Quipt Home Medical in the 2nd quarter worth $17,171,000. Kennedy Capital Management Inc. purchased a new stake in shares of Quipt Home Medical in the 2nd quarter worth $1,459,000. Alpine Woods Capital Investors LLC bought a new position in Quipt Home Medical in the 2nd quarter worth $549,000. Public Employees Retirement System of Ohio bought a new position in Quipt Home Medical in the 2nd quarter worth $273,000. Finally, Salem Investment Counselors Inc. bought a new position in Quipt Home Medical in the 2nd quarter worth $219,000. Hedge funds and other institutional investors own 14.69% of the company’s stock.
Quipt Home Medical Company Profile
Quipt Home Medical Corp. provides in-home monitoring equipment, supplies, and services for patients in the United States. It offers daily and ambulatory aides; power mobility equipment; BiPAP and CPAP machines, oxygen concentrators, and ventilators; oxygen therapy; sleep apnea and PAP treatment equipment; disease management services; and home ventilator equipment, as well as rents respiratory equipment.