ACT Energy Technologies (TSE:ACX) Hits New 12-Month High – Time to Buy?

ACT Energy Technologies Ltd. (TSE:ACXGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$6.23 and last traded at C$6.12, with a volume of 51062 shares traded. The stock had previously closed at C$6.16.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. ATB Cormark Capital Markets upped 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 note on Wednesday, January 7th. Raymond James Financial upped their price target on ACT Energy Technologies from C$8.75 to C$10.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$8.63.

View Our Latest Stock Analysis on ACX

ACT Energy Technologies Stock Up 0.8%

The company has a market capitalization of C$207.79 million, a P/E ratio of 8.63 and a beta of 0.97. The company has a 50-day moving average of C$5.47 and a two-hundred day moving average of C$5.14.

ACT Energy Technologies Company Profile

(Get Free Report)

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.

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