ACT Energy Technologies (TSE:ACX) Announces Earnings Results

ACT Energy Technologies (TSE:ACX) posted its earnings results on Friday. The company reported C$0.14 earnings per share (EPS) for the quarter, reports. The business had revenue of C$144.46 million for the quarter.

ACT Energy Technologies Stock Down 1.4%

TSE ACX opened at C$6.21 on Friday. The stock has a market cap of C$207.79 million, a PE ratio of 8.63 and a beta of 0.59. ACT Energy Technologies has a fifty-two week low of C$4.42 and a fifty-two week high of C$7.74. The business has a 50 day moving average price of C$6.76 and a two-hundred day moving average price of C$5.87.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ACX shares. Raymond James Financial increased their target price on shares of ACT Energy Technologies from C$9.50 to C$10.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 10th. ATB Cormark Capital Markets increased their target price on shares of ACT Energy Technologies from C$7.25 to C$8.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 10th. Finally, Acumen Capital increased 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 report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$9.17.

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.