Source Energy Services (TSE:SHLE) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Source Energy Services Ltd. (TSE:SHLE) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$15.69 and traded as low as C$14.75. Source Energy Services shares last traded at C$14.79, with a volume of 9,716 shares changing hands.

Source Energy Services Stock Performance

The company has a market capitalization of C$193.26 million, a price-to-earnings ratio of 30.18 and a beta of 0.92. The company has a debt-to-equity ratio of 142.54, a quick ratio of 0.22 and a current ratio of 1.38. The firm has a 50-day simple moving average of C$15.69 and a two-hundred day simple moving average of C$15.14.

Source Energy Services (TSE:SHLE) last released its earnings results on Thursday, May 7th. The company reported C($0.25) earnings per share for the quarter. The firm had revenue of C$160.22 million during the quarter. Source Energy Services had a net margin of 0.95% and a return on equity of 2.93%. On average, sell-side analysts anticipate that Source Energy Services Ltd. will post 3.2287234 EPS for the current fiscal year.

About Source Energy Services

Source Energy Services Ltd is a Canada based company engaged in the production, supply, and distribution of Northern White frac sand, as well as the distribution of other bulk completion materials not produced by the company. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system.