TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Quorum Information Technologies ( (TSE:QIS) ) has issued an update.
Quorum Information Technologies Inc. reported its second consecutive quarter of Cash EBITDA growth, highlighting the success of its profitability improvement plan. The company achieved a 2% organic growth in recurring revenue and announced an acquisition by an affiliate of Valsoft Corporation Inc., which is expected to bring long-term investment and support for continued service excellence. The acquisition involves a statutory plan of arrangement, subject to shareholder and court approvals, and is anticipated to close in Q4 2025, after which Quorum will delist from the TSX-V.
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 (OEMs).
Average Trading Volume: 49,867
Technical Sentiment Signal: Sell
Current Market Cap: C$58.18M
For an in-depth examination of QIS stock, go to TipRanks’ Overview page.