ACT Energy Technologies Ltd. (TSE:ACX – Get Free Report)’s share price hit a new 52-week high during trading on Thursday. The company traded as high as C$8.77 and last traded at C$8.65, with a volume of 137,647 shares traded. The stock had previously closed at C$8.73.
Analysts Set New Price Targets
Separately, ATB Cormark Capital Markets upped their price objective on ACT Energy Technologies from C$9.25 to C$9.50 and gave the company an “outperform” rating in a research note on Friday, July 10th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$9.67.
Read Our Latest Analysis on ACT Energy Technologies
ACT Energy Technologies Price Performance
The firm has a market cap of C$348.87 million, a PE ratio of 12.90 and a beta of 0.19. The business’s fifty day moving average is C$7.73 and its 200-day moving average is C$6.86.
ACT Energy Technologies (TSE:ACX – Get Free Report) last released its earnings results on Friday, August 7th. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$178.47 million during the quarter.
About ACT Energy Technologies
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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