ACT Energy Technologies (TSE:ACX) Sets New 12-Month High – What’s Next?

ACT Energy Technologies Ltd. (TSE:ACX) reached a new 52-week high on Friday. The company traded as high as C$8.55 and last traded at C$8.49, with a volume of 332,654 shares trading hands. The stock had previously closed at C$8.29.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets increased their target price on ACT Energy Technologies from C$9.25 to C$9.50 and gave the stock an “outperform” rating in a report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat.com, ACT Energy Technologies currently has an average rating of “Buy” and an average price target of C$9.67.

ACT Energy Technologies Stock Performance

The company has a market cap of C$330.72 million, a P/E ratio of 12.23 and a beta of 0.19. The stock’s fifty day moving average price is C$7.46 and its two-hundred day moving average price is C$6.79.

ACT Energy Technologies (TSE:ACX) last announced its quarterly earnings data on Friday, August 7th. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$178.47 million for the quarter.

ACT Energy Technologies Company Profile

ACT Energy Technologies Ltd., headquartered in Calgary, Alberta, operates in Canada under the brand ‘Altitude Energy Partners’, and in the United States under the brands ‘Altitude Energy Partners’, ‘Discovery Downhole Services’, ‘Rime Downhole Technologies’ and ‘Stryker Directional’. ACT’s common shares trade on the Toronto Stock Exchange under the symbol ‘ACX’. ACT provides high-performance directional drilling services and downhole technologies to North American energy companies, delivering tailored solutions that improve drilling efficiency and reduce project costs.