Foraco International SA (TSE:FAR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.32 and traded as high as C$2.55. Foraco International shares last traded at C$2.41, with a volume of 80,519 shares.
Analysts Set New Price Targets
Separately, Desjardins set a C$4.25 target price on Foraco International and gave the company a "buy" rating in a research report on Tuesday, December 3rd.
View Our Latest Report on FAR
Foraco International Trading Up 2.6 %
The company has a market cap of C$237.60 million, a P/E ratio of 5.88 and a beta of 1.25. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 111.75. The business has a 50 day moving average price of C$2.26 and a 200-day moving average price of C$2.31.
Foraco International (TSE:FAR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$0.11 EPS for the quarter, beating analysts' consensus estimates of C$0.08 by C$0.03. The firm had revenue of C$105.94 million during the quarter. Foraco International had a net margin of 8.87% and a return on equity of 33.87%. Analysts forecast that Foraco International SA will post 0.5984655 earnings per share for the current fiscal year.
About Foraco International
(
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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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