Acumen Capital Issues Positive Forecast for ACT Energy Technologies (TSE:ACX) Stock Price

ACT Energy Technologies (TSE:ACX) had its price objective raised by research analysts at Acumen Capital from C$7.50 to C$9.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Acumen Capital’s price objective indicates a potential upside of 32.35% from the stock’s previous close.

ACX has been the subject of several other reports. Raymond James Financial lifted their price objective on ACT Energy Technologies from C$8.75 to C$10.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. ATB Cormark Capital Markets lifted their target price on shares of ACT Energy Technologies from C$7.25 to C$8.00 and gave the stock an “outperform” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$9.17.

ACT Energy Technologies Stock Up 1.9%

Shares of TSE:ACX traded up C$0.13 during trading on Tuesday, hitting C$6.80. The stock had a trading volume of 105,964 shares, compared to its average volume of 59,110. The company has a market capitalization of C$227.53 million, a PE ratio of 9.44 and a beta of 0.89. The firm’s fifty day moving average is C$5.79 and its 200 day moving average is C$5.32. ACT Energy Technologies has a 12 month low of C$4.23 and a 12 month high of C$6.92.

ACT Energy Technologies Company Profile

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.