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Quorum Information Technologies ( (TSE:QIS) ) has shared an announcement.
Quorum Information Technologies has announced a definitive agreement to be acquired by Valsoft Corporation in an all-cash transaction valued at approximately $60 million. The acquisition, which has been unanimously approved by Quorum’s board and supported by key shareholders, offers a 14% premium on the company’s share price and is expected to enhance Quorum’s growth and innovation capabilities with Valsoft’s support.
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 demonstrates strong financial performance with robust revenue growth and effective cash management, which are the most significant factors contributing to the score. Technical analysis suggests neutral momentum, while the high P/E ratio indicates potential overvaluation. The absence of earnings call and corporate events data 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: 35,197
Technical Sentiment Signal: Sell
Current Market Cap: C$51.55M
Find detailed analytics on QIS stock on TipRanks’ Stock Analysis page.