Highwood Asset Management (CVE:HAM) Stock Price Down 0.8% - Here's What Happened

Highwood Asset Management Ltd. (CVE:HAM - Get Free Report) dropped 0.8% during trading on Friday . The company traded as low as C$6.00 and last traded at C$6.00. Approximately 220 shares traded hands during trading, a decline of 97% from the average daily volume of 7,022 shares. The stock had previously closed at C$6.05.

Analyst Ratings Changes

Separately, Ventum Cap Mkts upgraded shares of Highwood Asset Management to a "strong-buy" rating in a report on Thursday, July 4th.

Highwood Asset Management Price Performance

The business's 50-day moving average price is C$5.89 and its 200 day moving average price is C$5.89. The firm has a market capitalization of C$89.04 million, a price-to-earnings ratio of 1.10 and a beta of -0.90.

Highwood Asset Management (CVE:HAM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C$0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.67 by C$0.02. The firm had revenue of C$32.74 million for the quarter, compared to analysts' expectations of C$37.30 million. Highwood Asset Management had a net margin of 63.50% and a return on equity of 91.31%. As a group, sell-side analysts expect that Highwood Asset Management Ltd. will post 1.7522659 earnings per share for the current year.

Highwood Asset Management Company Profile

Highwood Asset Management Ltd., together with its subsidiary, engages in the acquisition, exploration, development, and production of oil and gas reserves in the Western Canadian Sedimentary basin. The company operates through Metallic Minerals, Midstream Operations, and Upstream Operations segments.