ADES International (LON:ADES) Reaches New 12-Month Low at $12.20
ADES International Holding PLC (LON:ADES) shares reached a new 52-week low on Thursday . The stock traded as low as GBX 12.20 ($0.16) and last traded at GBX 12.20 ($0.16), with a volume of 39 shares traded. The stock had previously closed at GBX 12.35 ($0.16).
Separately, Canaccord Genuity reiterated a “buy” rating on shares of ADES International in a research report on Friday, November 29th.
The company has a debt-to-equity ratio of 150.91, a current ratio of 1.90 and a quick ratio of 1.41. The firm has a market capitalization of $5.37 million and a P/E ratio of 8.48. The company’s 50-day simple moving average is GBX 526.75 and its two-hundred day simple moving average is GBX 758.53.
ADES International Holding Ltd, through its subsidiaries, provides oil and gas drilling and production services in the Kingdom of Saudi Arabia, Algeria, and Egypt. The company offers offshore and onshore contract drilling services, including drilling and work over services. It also provides accommodation, catering, and other barge based support services; project services, such as outsourcing various operating projects for clients comprising maintenance and repair services; and production services.
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