ACT Energy Technologies Ltd. (TSE:ACX – Get Free Report)’s stock price reached a new 52-week high during trading on Friday. The stock traded as high as C$8.55 and last traded at C$8.49, with a volume of 332,654 shares trading hands. The stock had previously closed at C$8.29.
Analyst Upgrades and Downgrades
Separately, ATB Cormark Capital Markets increased their price objective on shares of ACT Energy Technologies from C$9.25 to C$9.50 and gave the company an “outperform” rating in a research report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat, ACT Energy Technologies presently has an average rating of “Buy” and a consensus target price of C$9.67.
View Our Latest Stock Report on ACX
ACT Energy Technologies Stock Up 3.3%
The business has a fifty day moving average price of C$7.46 and a 200-day moving average price of C$6.79. The company has a market cap of C$330.72 million, a P/E ratio of 12.23 and a beta of 0.19.
ACT Energy Technologies (TSE:ACX – Get Free Report) last announced its earnings results on Friday, August 7th. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$178.47 million for the quarter.
ACT Energy Technologies Company Profile
ACT Energy Technologies Ltd., headquartered in Calgary, Alberta, operates in Canada under the brand ‘Altitude Energy Partners’, and in the United States under the brands ‘Altitude Energy Partners’, ‘Discovery Downhole Services’, ‘Rime Downhole Technologies’ and ‘Stryker Directional’. ACT’s common shares trade on the Toronto Stock Exchange under the symbol ‘ACX’. ACT provides high-performance directional drilling services and downhole technologies to North American energy companies, delivering tailored solutions that improve drilling efficiency and reduce project costs.
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