ADES International (LON:ADES) Sets New 52-Week Low at $12.20
ADES International Holding PLC (LON:ADES)’s stock price hit a new 52-week low during trading 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 trading hands. The stock had previously closed at GBX 12.35 ($0.16).
Separately, Canaccord Genuity reaffirmed a “buy” rating on shares of ADES International in a research note on Friday, November 29th.
The stock has a market capitalization of $5.37 million and a P/E ratio of 8.48. The firm’s 50 day moving average price is GBX 526.75 and its 200 day moving average price is GBX 758.53. The company has a debt-to-equity ratio of 150.91, a current ratio of 1.90 and a quick ratio of 1.41.
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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