Foraco International (TSE:FAR) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Foraco International SA (TSE:FAR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.95 and traded as high as C$2.23. Foraco International shares last traded at C$2.20, with a volume of 40,972 shares changing hands.

Foraco International Stock Up 0.9%

The company has a quick ratio of 0.88, a current ratio of 1.43 and a debt-to-equity ratio of 115.59. The company has a market capitalization of C$216.76 million, a price-to-earnings ratio of 13.73 and a beta of 0.95. The business’s 50-day moving average is C$2.14 and its 200-day moving average is C$1.95.

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