ACT Energy Technologies (TSE:ACX) Hits New 1-Year High – What’s Next?

ACT Energy Technologies Ltd. (TSE:ACXGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$6.63 and last traded at C$6.58, with a volume of 38714 shares. The stock had previously closed at C$6.40.

Analysts Set New Price Targets

Several analysts recently commented on ACX shares. Raymond James Financial raised their target price 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. ATB Cormark Capital Markets raised their price target on ACT Energy Technologies from C$6.50 to C$7.25 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, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$8.63.

Check Out Our Latest Report on ACT Energy Technologies

ACT Energy Technologies Stock Performance

The stock has a market capitalization of C$220.17 million, a P/E ratio of 9.14 and a beta of 0.97. The business has a 50 day simple moving average of C$5.62 and a 200-day simple moving average of C$5.24.

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.

Further Reading

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