Foraco International (TSE:FAR) Director William Warren Holmes Purchases 17,000 Shares

Foraco International SA (TSE:FAR) Director William Warren Holmes acquired 17,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was bought at an average cost of C$2.84 per share, for a total transaction of C$48,280.00. Following the purchase, the director directly owned 450,001 shares of the company’s stock, valued at approximately C$1,278,002.84. This trade represents a 3.93% increase in their ownership of the stock.

Foraco International Stock Up 3.0%

FAR stock opened at C$2.77 on Friday. The business’s 50-day moving average price is C$2.91 and its 200-day moving average price is C$2.46. The stock has a market cap of C$272.91 million, a P/E ratio of 17.76 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 99.57. Foraco International SA has a twelve month low of C$1.57 and a twelve month high of C$3.54.

Foraco International (TSE:FAR) last released its earnings results on Monday, March 2nd. The company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$86.61 million during the quarter. Foraco International had a net margin of 6.02% and a return on equity of 16.77%. On average, equities research analysts forecast that Foraco International SA will post 0.5984655 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Desjardins raised their price target on Foraco International from C$3.00 to C$4.50 and gave the company a “buy” rating in a report on Tuesday, February 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Foraco International currently has a consensus rating of “Buy” and an average price target of C$4.50.

Foraco International Company Profile

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.