Cervus Equipment (TSE:CERV) Sets New 1-Year Low at $8.00

Cervus Equipment Corp (TSE:CERV) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$8.00 and last traded at C$8.00, with a volume of 5175 shares. The stock had previously closed at C$8.20.

Several research firms recently issued reports on CERV. Raymond James decreased their price objective on shares of Cervus Equipment from C$16.00 to C$12.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. TD Securities decreased their price objective on shares of Cervus Equipment from C$15.50 to C$12.00 and set a “hold” rating for the company in a report on Monday, August 12th. National Bank Financial downgraded shares of Cervus Equipment from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$16.00 to C$13.50 in a report on Friday, August 9th. Finally, CIBC decreased their price objective on shares of Cervus Equipment from C$13.00 to C$11.00 in a report on Thursday, October 17th.

The company has a current ratio of 1.69, a quick ratio of 0.28 and a debt-to-equity ratio of 149.04. The business’s fifty day simple moving average is C$8.44 and its two-hundred day simple moving average is C$10.75. The stock has a market capitalization of $132.60 million and a P/E ratio of 5.98.

About Cervus Equipment (TSE:CERV)

Cervus Equipment Corporation engages in the sale, after-sale service, and maintenance of agricultural, transportation, and industrial equipment. It operates through three segments: Agricultural, Transportation, and Industrial Equipment. The Agricultural segment offers tractors, combine harvesting equipment, tillage, seeding, nutrient management and soil preparation machinery, sprayers, hay and forage equipment, material handling, integrated agricultural systems technology, precision agricultural irrigation equipment and supplies, lawn and garden tractors, compact utility tractors, zero-turn radius and front mowers, and utility vehicles; and associated implements for mowing, tilling, snow and debris handling, aerating, and other turf applications.

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