ACT Energy Technologies (TSE:ACX) Trading 11.8% Higher – Still a Buy?

Shares of ACT Energy Technologies Ltd. (TSE:ACX) traded up 11.8% during trading on Tuesday . The stock traded as high as C$7.63 and last traded at C$7.46. 153,552 shares were traded during mid-day trading, an increase of 82% from the average session volume of 84,507 shares. The stock had previously closed at C$6.67.

Analyst Ratings Changes

Several analysts recently commented on the company. Acumen Capital upped their target price on ACT Energy Technologies from C$7.50 to C$9.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Raymond James Financial upped their target price on ACT Energy Technologies from C$9.50 to C$10.50 and gave the company an “outperform” rating in a report on Tuesday, March 10th. Finally, ATB Cormark Capital Markets upped their target price on ACT Energy Technologies from C$7.25 to C$8.00 and gave the company an “outperform” rating in a report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$9.17.

ACT Energy Technologies Stock Performance

The stock has a market capitalization of C$244.27 million, a P/E ratio of 10.14 and a beta of 0.59. The business has a fifty day simple moving average of C$6.79 and a 200-day simple moving average of C$5.97.

ACT Energy Technologies (TSE:ACX) last posted its quarterly earnings results on Wednesday, March 25th. The company reported C$0.08 earnings per share (EPS) for the quarter. The business had revenue of C$109.30 million for the quarter.

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.