Foraco International SA (TSE:FAR - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.32 and traded as high as C$2.49. Foraco International shares last traded at C$2.37, with a volume of 11,021 shares trading hands.
Analyst Ratings Changes
Separately, Desjardins set a C$4.25 price objective on shares of Foraco International and gave the company a "buy" rating in a report on Tuesday, December 3rd.
View Our Latest Stock Report on FAR
Foraco International Stock Down 3.4 %
The stock has a market capitalization of C$225.77 million, a P/E ratio of 5.59 and a beta of 1.25. The company has a debt-to-equity ratio of 111.75, a current ratio of 1.40 and a quick ratio of 0.88. The stock has a fifty day moving average price of C$2.27 and a 200 day moving average price of C$2.32.
Foraco International (TSE:FAR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$0.11 earnings per share for the quarter, beating the consensus estimate of C$0.08 by C$0.03. The firm had revenue of C$105.94 million for the quarter. Foraco International had a return on equity of 33.87% and a net margin of 8.87%. On average, research analysts forecast that Foraco International SA will post 0.5984655 earnings per share for the current year.
Foraco International Company Profile
(
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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.
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