Carmanah Technologies Corp Forecasted to Earn Q3 2016 Earnings of $0.03 Per Share (CMH)
Carmanah Technologies Corp (TSE:CMH) – Analysts at Cormark reduced their Q3 2016 EPS estimates for shares of Carmanah Technologies Corp in a research note issued to investors on Friday. Cormark analyst M. D. Whale now anticipates that the brokerage will earn $0.03 per share for the quarter, down from their prior forecast of $0.08. Cormark also issued estimates for Carmanah Technologies Corp’s Q1 2017 earnings at $0.04 EPS, Q2 2017 earnings at $0.07 EPS, Q3 2017 earnings at $0.04 EPS and Q4 2017 earnings at $0.05 EPS.
Shares of Carmanah Technologies Corp (TSE:CMH) opened at 3.97 on Monday. The firm has a 50-day moving average of $4.59 and a 200-day moving average of $4.46. Carmanah Technologies Corp has a 52 week low of $3.34 and a 52 week high of $7.10. The firm has a market cap of $98.70 million and a PE ratio of 31.51.
About Carmanah Technologies Corp
Carmanah Technologies Corp is engaged in the business of developing and distributing renewable technologies, including solar-power light emitting diode (LED) lighting, and solar powered systems and equipment. The Company’s segments are Signals, Illumination and Power. The Signals segment offers products for traffic, marine, airfield ground lighting, aviation/obstruction and offshore verticals.
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