ACT Energy Technologies (TSE:ACX) Announces Earnings Results

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

ACT Energy Technologies Stock Performance

Shares of ACX stock traded up C$0.03 during mid-day trading on Friday, reaching C$6.33. The company’s stock had a trading volume of 142,641 shares, compared to its average volume of 78,614. The firm’s 50-day moving average is C$6.76 and its two-hundred day moving average is C$5.87. The company has a market cap of C$211.81 million, a P/E ratio of 8.79 and a beta of 0.59. ACT Energy Technologies has a 1-year low of C$4.42 and a 1-year high of C$7.74.

Analyst Ratings Changes

Several research firms recently weighed in on ACX. Raymond James Financial boosted their price objective on 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 lifted their price target on 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 upped their price target on ACT Energy Technologies from C$7.50 to C$9.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average 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.