ACT Energy Technologies (TSE:ACX) Hits New 12-Month High – Here’s What Happened

ACT Energy Technologies Ltd. (TSE:ACX) shares reached a new 52-week high during trading on Friday. The stock traded as high as C$8.22 and last traded at C$8.20, with a volume of 208669 shares traded. The stock had previously closed at C$7.92.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets boosted their target price on ACT Energy Technologies from C$9.25 to C$9.50 and gave the company an “outperform” rating in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$9.67.

ACT Energy Technologies Stock Performance

The company has a market cap of C$316.42 million, a P/E ratio of 11.70 and a beta of 0.19. The business’s fifty day moving average is C$7.23 and its two-hundred day moving average is C$6.75.

ACT Energy Technologies (TSE:ACX) last issued its earnings results on Friday, August 7th. The company reported C$0.06 EPS for the quarter. The company had revenue of C$178.47 million during the quarter.

ACT Energy Technologies Company Profile

ACT Energy Technologies Ltd., headquartered in Calgary, Alberta, operates in Canada under the brand ‘Altitude Energy Partners’, and in the United States under the brands ‘Altitude Energy Partners’, ‘Discovery Downhole Services’, ‘Rime Downhole Technologies’ and ‘Stryker Directional’. ACT’s common shares trade on the Toronto Stock Exchange under the symbol ‘ACX’. ACT provides high-performance directional drilling services and downhole technologies to North American energy companies, delivering tailored solutions that improve drilling efficiency and reduce project costs.