Foraco International (TSE:FAR) Share Price Crosses Above 200 Day Moving Average of $2.22

Shares of Foraco International SA (TSE:FAR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.22 and traded as high as C$2.90. Foraco International shares last traded at C$2.88, with a volume of 52,722 shares.

Analysts Set New Price Targets

Separately, Clarus Securities restated a “buy” rating on shares of Foraco International in a research note on Monday, March 18th.

Foraco International Trading Down 0.3 %

The company has a debt-to-equity ratio of 101.46, a quick ratio of 0.88 and a current ratio of 1.49. The business’s fifty day moving average is C$2.78 and its 200-day moving average is C$2.22. The firm has a market cap of C$283.07 million, a P/E ratio of 7.55 and a beta of 1.31.

Foraco International (TSE:FAR) last posted its quarterly earnings data on Friday, February 16th. The company reported C$0.03 EPS for the quarter. The company had revenue of C$117.89 million for the quarter. Foraco International had a return on equity of 39.08% and a net margin of 7.76%. Analysts predict that Foraco International SA will post 0.6351931 EPS for the current year.

About Foraco International

Foraco International SA, together with its subsidiaries, provides drilling services worldwide. It operates through two segments: Mining and Water. The company offers its drilling services to the mining and energy industry, such as exploration, development, and production related drilling services. It also drills wells for drinking, irrigation, and industrial water; and undertakes a range of projects, including village water drilling programs, specialized drilling projects to access mineral water using sanitary protection methods, and large diameter well fields for residential supply in urban environments, as well as provides inspection, servicing, and rehabilitation services for existing wells.