Desjardins Upgrades Foraco International (TSE:FAR) to Moderate Buy

Foraco International (TSE:FAR - Get Free Report) was upgraded by Desjardins to a "moderate buy" rating in a report released on Monday,Zacks.com reports.

Foraco International Stock Performance

TSE FAR traded up C$0.06 on Monday, reaching C$2.40. The stock had a trading volume of 196,472 shares, compared to its average volume of 152,217. The company has a debt-to-equity ratio of 111.75, a quick ratio of 0.88 and a current ratio of 1.40. Foraco International has a 12-month low of C$1.75 and a 12-month high of C$3.27. The business's 50-day moving average price is C$2.24 and its 200 day moving average price is C$2.38. The stock has a market cap of C$236.62 million, a P/E ratio of 5.71 and a beta of 1.25.

Foraco International (TSE:FAR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.11 earnings per share for the quarter, beating analysts' consensus estimates of C$0.08 by C$0.03. Foraco International had a return on equity of 33.87% and a net margin of 8.87%. The company had revenue of C$105.94 million during the quarter. As a group, equities analysts expect that Foraco International will post 0.5984655 earnings per share for the current year.

Foraco International Company Profile

Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples.