High Arctic Energy Services (TSE:HWO) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

High Arctic Energy Services Inc (TSE:HWO)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.85 and traded as low as C$0.83. High Arctic Energy Services shares last traded at C$0.83, with a volume of 3,000 shares.

High Arctic Energy Services Stock Performance

The stock has a market capitalization of C$10.67 million, a price-to-earnings ratio of 7.64 and a beta of 0.12. The firm has a fifty day moving average of C$0.85 and a 200 day moving average of C$0.86. The company has a debt-to-equity ratio of 18.34, a current ratio of 2.50 and a quick ratio of 4.54.

High Arctic Energy Services (TSE:HWO) last posted its earnings results on Thursday, May 14th. The company reported C$0.07 EPS for the quarter. The firm had revenue of C$2.74 million for the quarter. High Arctic Energy Services had a return on equity of 6.04% and a net margin of 12.06%. On average, sell-side analysts anticipate that High Arctic Energy Services Inc will post -0.01 earnings per share for the current fiscal year.

High Arctic Energy Services Company Profile

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are Drilling Services segment which consists of the drilling services; Production Services segment which consists of the well servicing and snubbing services; Ancillary Services segment which provides rental equipment and engineering consulting to various companies within the oil and gas sector and Corporate segment.