ACT Energy Technologies (TSE:ACX) Hits New 1-Year High – Here’s What Happened

Shares of ACT Energy Technologies Ltd. (TSE:ACX) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$6.30 and last traded at C$6.35, with a volume of 26061 shares traded. The stock had previously closed at C$6.34.

Analyst Ratings Changes

Several research firms have weighed in on ACX. ATB Cormark Capital Markets upped their price objective on shares of ACT Energy Technologies from C$6.50 to C$7.25 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Raymond James Financial upped their price target 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$8.63.

ACT Energy Technologies Stock Up 1.9%

The company’s 50-day simple moving average is C$5.57 and its 200 day simple moving average is C$5.21. The company has a market capitalization of C$215.82 million, a P/E ratio of 8.96 and a beta of 0.97.

About ACT Energy Technologies

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.