ACT Energy Technologies (TSE:ACX) Sets New 12-Month High – Here’s Why

ACT Energy Technologies Ltd. (TSE:ACX) reached a new 52-week high on Tuesday . The company traded as high as C$6.30 and last traded at C$6.35, with a volume of 26061 shares changing hands. The stock had previously closed at C$6.34.

Analysts Set New Price Targets

ACX has been the subject of several analyst reports. ATB Cormark Capital Markets raised their target price on ACT Energy Technologies from C$6.50 to C$7.25 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Raymond James Financial increased their price objective on ACT Energy Technologies from C$8.75 to C$10.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, ACT Energy Technologies currently has a consensus rating of “Buy” and a consensus price target of C$8.63.

ACT Energy Technologies Price Performance

The company has a market capitalization of C$212.14 million, a price-to-earnings ratio of 8.81 and a beta of 0.97. The stock’s 50-day moving average price is C$5.53 and its 200-day moving average price is C$5.19.

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.