Foraco International (TSE:FAR) Shares Cross Above 200 Day Moving Average of $2.35

Foraco International SA (TSE:FAR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.35 and traded as high as C$3.23. Foraco International shares last traded at C$3.20, with a volume of 52,607 shares.

Wall Street Analyst Weigh In

Separately, Clarus Securities restated a “buy” rating on shares of Foraco International in a research note on Monday, March 18th.

Foraco International Stock Performance

The firm has a market cap of C$315.62 million, a price-to-earnings ratio of 8.21 and a beta of 1.30. The stock’s fifty day moving average is C$2.88 and its two-hundred day moving average is C$2.35. The company has a debt-to-equity ratio of 101.46, a quick ratio of 0.88 and a current ratio of 1.49.

Foraco International (TSE:FAR) last issued its quarterly earnings data on Friday, February 16th. The company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$117.89 million during the quarter. Foraco International had a return on equity of 39.08% and a net margin of 7.76%. On average, analysts expect that Foraco International SA will post 0.6391129 earnings per share for the current fiscal 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.