AKITA Drilling (TSE:AKT.A) Share Price Crosses Below 200 Day Moving Average of $1.55

Shares of AKITA Drilling Ltd. (TSE:AKT.AGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.55 and traded as low as C$1.52. AKITA Drilling shares last traded at C$1.54, with a volume of 18,700 shares trading hands.

Wall Street Analyst Weigh In

Separately, ATB Capital decreased their target price on AKITA Drilling from C$3.30 to C$2.80 in a research note on Friday, March 22nd.

View Our Latest Stock Analysis on AKITA Drilling

AKITA Drilling Stock Performance

The firm has a 50 day moving average of C$1.56 and a 200-day moving average of C$1.55. The stock has a market capitalization of C$58.52 million, a PE ratio of 2.17, a P/E/G ratio of -0.69 and a beta of 1.99. The company has a debt-to-equity ratio of 51.10, a quick ratio of 1.54 and a current ratio of 2.32.

AKITA Drilling Company Profile

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AKITA Drilling Ltd. provides provides contract drilling services in Canada and the United States. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and development of storage caverns. It specializes in pad and other purpose-built drilling rigs; and conventional, directional, horizontal, and underbalanced drilling, as well as provides specialized drilling services.

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