ACT Energy Technologies Ltd. (TSE:ACX – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday. The company traded as high as C$9.33 and last traded at C$9.26, with a volume of 168,420 shares traded. The stock had previously closed at C$9.12.
Wall Street Analyst Weigh In
Separately, ATB Cormark Capital Markets upped their price objective on ACT Energy Technologies from C$9.25 to C$9.50 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$9.67.
Read Our Latest Stock Analysis on ACT Energy Technologies
ACT Energy Technologies Price Performance
The stock has a market cap of C$357.76 million, a price-to-earnings ratio of 13.23 and a beta of 0.19. The business’s 50-day simple moving average is C$7.81 and its two-hundred day simple moving average is C$6.73.
ACT Energy Technologies (TSE:ACX – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported C$0.06 earnings per share (EPS) for the quarter. The company 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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