ACT Energy Technologies (TSE:ACX) Sets New 52-Week High – Should You Buy?

ACT Energy Technologies Ltd. (TSE:ACX)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$6.22 and last traded at C$6.13, with a volume of 9227 shares changing hands. The stock had previously closed at C$5.94.

Analyst Ratings Changes

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

ACT Energy Technologies Price Performance

The stock has a market capitalization of C$207.79 million, a price-to-earnings ratio of 8.63 and a beta of 0.97. The stock has a 50-day moving average of C$5.40 and a 200 day moving average of C$5.10.

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.