ACT Energy Technologies (TSE:ACX) Trading 3.2% Higher – Here’s What Happened

ACT Energy Technologies Ltd. (TSE:ACX) traded up 3.2% during mid-day trading on Thursday . The stock traded as high as C$5.80 and last traded at C$5.78. 17,734 shares were traded during trading, a decline of 68% from the average session volume of 54,978 shares. The stock had previously closed at C$5.60.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ACX shares. Raymond James Financial upped their target price on ACT Energy Technologies from C$8.75 to C$10.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. ATB Capital upped their price objective on ACT Energy Technologies from C$6.50 to C$7.25 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, ACT Energy Technologies has an average rating of “Buy” and an average price target of C$8.63.

ACT Energy Technologies Stock Performance

The stock has a market capitalization of C$193.74 million, a price-to-earnings ratio of 8.04 and a beta of 0.75. The stock has a fifty day moving average price of C$5.31.

About ACT Energy Technologies

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.