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

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

Analyst Ratings Changes

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

ACT Energy Technologies Price Performance

The business has a 50-day moving average of C$6.26 and a two-hundred day moving average of C$6.54. The company 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 announced its earnings results on Friday, August 7th. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$178.47 million during 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.