Foraco International (TSE:FAR) Stock Price Passes Above 200 Day Moving Average of $1.79

Shares of Foraco International SA (TSE:FAR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.79 and traded as high as C$1.90. Foraco International shares last traded at C$1.90, with a volume of 48,360 shares.

Foraco International Stock Performance

The firm has a fifty day simple moving average of C$1.72 and a 200-day simple moving average of C$1.79. The company has a market cap of C$187.76 million, a PE ratio of 4.63 and a beta of 1.30. The company has a quick ratio of 0.88, a current ratio of 1.49 and a debt-to-equity ratio of 122.99.

Foraco International (TSE:FAR) last released its quarterly earnings results on Thursday, July 27th. The company reported C$0.12 earnings per share (EPS) for the quarter. Foraco International had a return on equity of 45.52% and a net margin of 8.31%. The firm had revenue of C$134.42 million for the quarter. On average, research analysts forecast that Foraco International SA will post 0.5787781 EPS for the current fiscal year.

Foraco International Company Profile

Foraco International SA, together with its subsidiaries, provides drilling services worldwide. It operates through two segments: Mining and Water. The company offers its drilling services to the mining and energy industry, such as exploration, development, and production related drilling services. It also drills wells for drinking, irrigation, and industrial water; and undertakes a range of projects, including village water drilling programs, specialized drilling projects to access mineral water using sanitary protection methods, and large diameter well fields for residential supply in urban environments, as well as provides inspection, servicing, and rehabilitation services for existing wells.