ACT Energy Technologies (TSE:ACX) Announces Quarterly Earnings Results

ACT Energy Technologies (TSE:ACX) issued its quarterly earnings data on Friday. The company reported C$0.14 EPS for the quarter, reports. The company had revenue of C$144.46 million during the quarter.

ACT Energy Technologies Stock Down 1.4%

Shares of TSE ACX opened at C$6.21 on Friday. ACT Energy Technologies has a twelve month low of C$4.42 and a twelve month high of C$7.74. The firm has a market cap of C$207.79 million, a P/E ratio of 8.63 and a beta of 0.59. The company has a 50 day moving average of C$6.76 and a 200 day moving average of C$5.87.

Analyst Upgrades and Downgrades

Several brokerages have commented on ACX. Acumen Capital raised their price objective on shares of ACT Energy Technologies from C$7.50 to C$9.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. ATB Cormark Capital Markets raised their price objective on shares of ACT Energy Technologies from C$7.25 to C$8.00 and gave the stock an “outperform” rating in a report on Tuesday, March 10th. Finally, Raymond James Financial raised their price objective on shares of ACT Energy Technologies from C$9.50 to C$10.50 and gave the stock an “outperform” rating in a report on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$9.17.

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.