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Quorum Information Technologies ( (TSE:QIS) ) just unveiled an announcement.
Quorum Information Technologies Inc. announced that its shareholders have approved a statutory plan of arrangement involving the company and 2745122 Alberta Inc., an affiliate of Valsoft Corporation Inc. The arrangement received overwhelming support, with 97.65% of votes in favor, and has been granted final approval by the Court of King’s Bench of Alberta. The completion of the arrangement is subject to remaining conditions, including final approval from the TSX Venture Exchange, with an expected closing in early December 2025.
The most recent analyst rating on (TSE:QIS) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Quorum Information Technologies stock, see the TSE:QIS Stock Forecast page.
Spark’s Take on TSE:QIS Stock
According to Spark, TipRanks’ AI Analyst, TSE:QIS is a Neutral.
Quorum Information Technologies shows strong financial performance with robust revenue growth and cash flow management, which is the most significant factor in its score. Technical analysis indicates short-term bullish momentum, but longer-term resistance and a high P/E ratio suggest caution. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on TSE:QIS stock, click here.
More about Quorum Information Technologies
Quorum Information Technologies Inc. is a North American SaaS Software and Services company that provides essential enterprise solutions for automotive dealerships and Original Equipment Manufacturers. Their products include a Dealership Management System, DealerMine CRM, Autovance retailing platform, Accessible Accessories digital retailing platform, and VINN Automotive marketplace. Quorum is listed on the TSX Venture Exchange under the symbol QIS.
Average Trading Volume: 51,627
Technical Sentiment Signal: Sell
Current Market Cap: C$58.55M
For a thorough assessment of QIS stock, go to TipRanks’ Stock Analysis page.