Xebec Adsorption (TSE:XBC) Shares Down 0.9%

Xebec Adsorption Inc. (TSE:XBC)’s stock price fell 0.9% during trading on Friday . The stock traded as low as C$2.12 and last traded at C$2.17. 335,715 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 564,965 shares. The stock had previously closed at C$2.19.

Separately, TD Securities upped their price target on shares of Xebec Adsorption to C$3.75 and gave the company a “hold” rating in a report on Friday, November 5th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$4.61.

The stock has a market cap of C$334.14 million and a price-to-earnings ratio of -5.68. The company has a quick ratio of 1.18, a current ratio of 1.88 and a debt-to-equity ratio of 20.78. The business’s 50 day simple moving average is C$2.65 and its 200 day simple moving average is C$3.17.

Xebec Adsorption (TSE:XBC) last announced its quarterly earnings results on Thursday, November 11th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.03). The business had revenue of C$26.71 million for the quarter, compared to analysts’ expectations of C$33.34 million. Equities research analysts forecast that Xebec Adsorption Inc. will post -0.01 earnings per share for the current fiscal year.

Xebec Adsorption Company Profile (TSE:XBC)

Xebec Adsorption Inc Designs, manufactures, and sells purification, separation, dehydration, and filtration equipment for gases and compressed air in Canada, the United States, China, Korea, Italy, France, and internationally. It operates in three segments: Systems, Infrastructure, and Support. The company offers on-site air dehydration under the ADX Solutions brand; biogas to renewable natural gas systems under the BGX Solutions brand; hydrogen purification systems under the H2X Solutions brand; natural gas dehydration units for refueling stations under the NGX Solutions brand; and products for the filtration and separation of air and gases under FSX Solutions brand.

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