ACT Energy Technologies (TSE:ACX) Price Target Cut to C$6.50 by Analysts at ATB Capital

ACT Energy Technologies (TSE:ACX) had its price target decreased by analysts at ATB Capital from C$6.75 to C$6.50 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s price target suggests a potential upside of 19.27% from the company’s previous close.

ACT Energy Technologies Trading Up 4.8%

Shares of ACT Energy Technologies stock traded up C$0.25 during trading on Friday, reaching C$5.45. 6,502 shares of the company’s stock were exchanged, compared to its average volume of 47,077. ACT Energy Technologies has a 1-year low of C$4.23 and a 1-year high of C$6.98. The stock has a market cap of C$182.36 million, a P/E ratio of 7.57 and a beta of 0.62. The company has a 50-day simple moving average of C$5.19.

About ACT Energy Technologies

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.