VIQ Solutions (OTCMKTS:VQSLF) Shares Up 3.4%

VIQ Solutions Inc. (OTCMKTS:VQSLF) shares shot up 3.4% on Wednesday . The stock traded as high as $7.00 and last traded at $6.85. 26,374 shares changed hands during trading, an increase of 8% from the average session volume of 24,528 shares. The stock had previously closed at $6.63.

Separately, HC Wainwright increased their price target on VIQ Solutions from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, May 17th.

The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.59. The firm has a market cap of $175.61 million, a PE ratio of -19.04 and a beta of -1.15. The firm’s 50-day moving average price is $7.14.

VIQ Solutions (OTCMKTS:VQSLF) last posted its earnings results on Thursday, May 13th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.02). VIQ Solutions had a negative net margin of 20.94% and a negative return on equity of 32.42%. The business had revenue of $8.25 million for the quarter, compared to analyst estimates of $8.23 million. Sell-side analysts predict that VIQ Solutions Inc. will post -0.04 EPS for the current year.

About VIQ Solutions (OTCMKTS:VQSLF)

VIQ Solutions Inc operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United States, the United Kingdom, Canada, and internationally. It operates in two segments, Technology and Related Revenue, and Technology Services.

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