ATB Capital Lowers ACT Energy Technologies (TSE:ACX) Price Target to C$6.50

ACT Energy Technologies (TSE:ACXGet Free Report) had its price target lowered by equities research analysts at ATB Capital from C$6.75 to C$6.50 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price objective would suggest a potential upside of 19.27% from the company’s current price.

ACT Energy Technologies Price Performance

TSE:ACX traded up C$0.25 during mid-day trading on Friday, reaching C$5.45. 6,502 shares of the company’s stock traded hands, compared to its average volume of 47,077. The firm’s 50 day moving average is C$5.19. The firm has a market cap of C$182.36 million, a price-to-earnings ratio of 7.57 and a beta of 0.62. ACT Energy Technologies has a 12-month low of C$4.23 and a 12-month high of C$6.98.

ACT Energy Technologies Company Profile

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ACT Energy Technologies Ltd. is based in Calgary, Alberta, Canada. We operate in Canada and in the United States as Altitude Energy Partners, and in the U.S. under Discovery Downhole Services and Rime Downhole Technologies.

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