ACT Energy Technologies (TSE:ACX) Trading Down 0.3% – Time to Sell?

ACT Energy Technologies Ltd. (TSE:ACX)’s stock price was down 0.3% on Friday . The company traded as low as C$6.62 and last traded at C$6.67. Approximately 48,234 shares were traded during trading, a decline of 43% from the average daily volume of 85,193 shares. The stock had previously closed at C$6.69.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Acumen Capital upped their target price on shares of ACT Energy Technologies from C$7.50 to C$9.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. ATB Cormark Capital Markets boosted their price objective on shares of ACT Energy Technologies from C$7.25 to C$8.00 and gave the stock an “outperform” rating in a report on Tuesday, March 10th. Finally, Raymond James Financial upped their price objective on ACT Energy Technologies from C$9.50 to C$10.50 and gave the company an “outperform” rating in a research report on Tuesday, March 10th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$9.17.

ACT Energy Technologies Trading Down 0.3%

The firm has a fifty day moving average of C$6.76 and a 200 day moving average of C$5.92. The company has a market capitalization of C$223.18 million, a P/E ratio of 9.26 and a beta of 0.59.

ACT Energy Technologies (TSE:ACX) last posted its earnings results on Wednesday, March 25th. The company reported C$0.08 earnings per share (EPS) for the quarter. The company had revenue of C$109.30 million for the quarter.

ACT Energy Technologies Company Profile

ACT Energy Technologies Ltd. is based in Calgary, Alberta, Canada. We operate in Canada and in the United States as Altitude Energy Partners, and in the U.S. under Discovery Downhole Services and Rime Downhole Technologies.