Q: Why does QIPT keep hitting 52 week lows? Their recent earnings appeared to be decent. Is it time to sell this one?
5i Research Answer:
There has been no news on QIPT in more than a month. Small caps continue to struggle a bit. Having a small company based in the US and trading in Canada also is not something investors are used to. Though growth is expected this year, it is not cheap on a valuation basis. Last quarter results were decent, but most of the growth is via acquisitions and not organic. We would conside it 'OK' today. We would be reluctant to sell after a steep decline with no solid reason.