Source Energy Services (TSE:SHLE) Shares Cross Below 50 Day Moving Average – Should You Sell?

Source Energy Services Ltd. (TSE:SHLE)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$12.64 and traded as low as C$11.40. Source Energy Services shares last traded at C$11.41, with a volume of 2,043 shares traded.

Source Energy Services Stock Performance

The firm’s 50-day moving average price is C$12.60 and its 200 day moving average price is C$14.48. The company has a market cap of C$151.66 million, a price-to-earnings ratio of -12.27 and a beta of 1.29. The company has a debt-to-equity ratio of 144.16, a quick ratio of 0.22 and a current ratio of 1.22.

Source Energy Services (TSE:SHLE) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C($0.43) earnings per share for the quarter. Source Energy Services had a negative return on equity of 6.25% and a negative net margin of 2.21%.The firm had revenue of C$137.12 million for the quarter. On average, sell-side analysts anticipate that Source Energy Services Ltd. will post 3.2287234 EPS for the current year.

About Source Energy Services

Source is a company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by Source. Source provides its customers with an end-to-end solution for frac sand supported by its Wisconsin and Peace River mines and processing facilities, its Western Canadian terminal network and its ‘last mile’ logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system.