Foraco International (TSE:FAR) Director Purchases C$48,280.00 in Stock

Foraco International SA (TSE:FAR) Director William Warren Holmes bought 17,000 shares of Foraco International stock in a transaction on Monday, March 16th. The stock was purchased at an average price of C$2.84 per share, with a total value of C$48,280.00. Following the completion of the acquisition, the director directly owned 450,001 shares of the company’s stock, valued at C$1,278,002.84. This represents a 3.93% increase in their position.

Foraco International Stock Down 1.1%

Shares of TSE:FAR traded down C$0.03 during trading on Thursday, reaching C$2.66. The stock had a trading volume of 299,701 shares, compared to its average volume of 209,584. The firm’s 50-day simple moving average is C$2.91 and its 200 day simple moving average is C$2.46. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 99.57. Foraco International SA has a one year low of C$1.57 and a one year high of C$3.54. The company has a market capitalization of C$262.08 million, a P/E ratio of 17.05 and a beta of 0.72.

Foraco International (TSE:FAR) last posted its quarterly earnings data on Monday, March 2nd. The company reported C$0.03 EPS for the quarter. Foraco International had a net margin of 6.02% and a return on equity of 16.77%. The firm had revenue of C$86.61 million during the quarter. As a group, research analysts expect that Foraco International SA will post 0.5984655 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Desjardins increased their price objective on Foraco International from C$3.00 to C$4.50 and gave the company a “buy” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$4.50.

Foraco International Company Profile

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.