ACT Energy Technologies (TSE:ACX) Stock Price Down 0.2% – What’s Next?

ACT Energy Technologies Ltd. (TSE:ACX) dropped 0.2% during mid-day trading on Friday . The company traded as low as C$5.93 and last traded at C$5.98. 13,750 shares changed hands during trading, a decline of 84% from the average daily volume of 87,140 shares. The stock had previously closed at C$5.99.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets boosted their target price on shares of ACT Energy Technologies from C$9.25 to C$9.50 and gave the company an “outperform” rating in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ACT Energy Technologies has an average rating of “Buy” and an average target price of C$9.67.

ACT Energy Technologies Stock Performance

The firm’s 50-day moving average price is C$6.30 and its two-hundred day moving average price is C$6.39. The stock has a market cap of C$230.51 million, a price-to-earnings ratio of 16.61 and a beta of 0.18.

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

About ACT Energy Technologies

ACT Energy Technologies Ltd., headquartered in Calgary, Alberta, operates in Canada under the brand ‘Altitude Energy Partners’, and in the United States under the brands ‘Altitude Energy Partners’, ‘Discovery Downhole Services’, ‘Rime Downhole Technologies’ and ‘Stryker Directional’. ACT’s common shares trade on the Toronto Stock Exchange under the symbol ‘ACX’. ACT provides high-performance directional drilling services and downhole technologies to North American energy companies, delivering tailored solutions that improve drilling efficiency and reduce project costs.