Foraco International (TSE:FAR) Hits New 1-Year High – What’s Next?

Foraco International SA (TSE:FAR)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$2.60 and last traded at C$2.53, with a volume of 114325 shares changing hands. The stock had previously closed at C$2.44.

Foraco International Price Performance

The firm has a 50-day moving average of C$2.29 and a 200-day moving average of C$2.08. The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.88 and a current ratio of 1.43. The firm has a market capitalization of C$246.31 million, a P/E ratio of 15.61 and a beta of 0.71.

Foraco International (TSE:FAR) last posted its earnings results on Thursday, October 30th. The company reported C$5.49 EPS for the quarter. Foraco International had a return on equity of 31.54% and a net margin of 8.42%.The business had revenue of C$98.89 million during the quarter. As a group, analysts predict that Foraco International SA will post 0.5984655 EPS for the current year.

About Foraco International

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.