ACT Energy Technologies (TSE:ACX) Sets New 52-Week High – Should You Buy?

ACT Energy Technologies Ltd. (TSE:ACXGet Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as C$6.22 and last traded at C$6.13, with a volume of 9227 shares changing hands. The stock had previously closed at C$5.94.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. ATB Cormark Capital Markets raised their price target on shares of ACT Energy Technologies from C$6.50 to C$7.25 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Raymond James Financial increased their price objective on shares of ACT Energy Technologies from C$8.75 to C$10.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$8.63.

Check Out Our Latest Stock Report on ACX

ACT Energy Technologies Trading Up 1.3%

The stock has a market capitalization of C$206.45 million, a PE ratio of 8.57 and a beta of 0.97. The firm’s fifty day moving average price is C$5.45 and its two-hundred day moving average price is C$5.12.

About ACT Energy Technologies

(Get Free Report)

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.

See Also

Receive News & Ratings for ACT Energy Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACT Energy Technologies and related companies with MarketBeat.com's FREE daily email newsletter.