ACT Energy Technologies (TSE:ACX) Sets New 52-Week High – Here’s What Happened

ACT Energy Technologies Ltd. (TSE:ACX)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$7.68 and last traded at C$7.69, with a volume of 813482 shares. The stock had previously closed at C$7.37.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets increased their price target on ACT Energy Technologies from C$9.25 to C$9.50 and gave the company an “outperform” rating in a report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$9.67.

ACT Energy Technologies Stock Up 4.3%

The company’s 50 day simple moving average is C$6.26 and its 200-day simple moving average is C$6.54. The firm has a market cap of C$297.10 million, a P/E ratio of 10.99 and a beta of 0.09.

ACT Energy Technologies (TSE:ACX) last released its earnings results on Friday, August 7th. The company reported C$0.06 EPS for the quarter. The business had revenue of C$178.47 million for the quarter.

ACT Energy Technologies Company Profile

ACT Energy Technologies Ltd., headquartered in Calgary, Alberta, operates in Canada under the brand ‘Altitude Energy Partners’, and in the United States under the brands ‘Altitude Energy Partners’, ‘Discovery Downhole Services’, ‘Rime Downhole Technologies’ and ‘Stryker Directional’. ACT’s common shares trade on the Toronto Stock Exchange under the symbol ‘ACX’. ACT provides high-performance directional drilling services and downhole technologies to North American energy companies, delivering tailored solutions that improve drilling efficiency and reduce project costs.