High Arctic Energy Services (TSE:HWO) Stock Passes Below 200-Day Moving Average – Should You Sell?

High Arctic Energy Services Inc (TSE:HWO)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.84 and traded as low as C$0.84. High Arctic Energy Services shares last traded at C$0.84, with a volume of 500 shares.

High Arctic Energy Services Price Performance

The company has a quick ratio of 4.54, a current ratio of 2.43 and a debt-to-equity ratio of 20.71. The stock has a market cap of C$10.67 million, a P/E ratio of -28.00 and a beta of 0.09. The firm has a 50 day moving average price of C$0.84 and a 200 day moving average price of C$0.84.

High Arctic Energy Services (TSE:HWO) last issued its quarterly earnings results on Friday, November 7th. The company reported C$0.07 earnings per share (EPS) for the quarter. The business had revenue of C$2.93 million during the quarter. High Arctic Energy Services had a return on equity of 43.70% and a net margin of 77.07%. On average, analysts forecast that High Arctic Energy Services Inc will post -0.01 EPS for the current fiscal year.

High Arctic Energy Services Company Profile

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are Drilling Services segment which consists of the drilling services; Production Services segment which consists of the well servicing and snubbing services; Ancillary Services segment which provides rental equipment and engineering consulting to various companies within the oil and gas sector and Corporate segment.