Foraco International (TSE:FAR) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of Foraco International SA (TSE:FAR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.05 and traded as high as C$2.48. Foraco International shares last traded at C$2.39, with a volume of 68,701 shares.

Foraco International Stock Down 2.8%

The company has a current ratio of 1.43, a quick ratio of 0.88 and a debt-to-equity ratio of 115.59. The business’s fifty day moving average price is C$2.24 and its two-hundred day moving average price is C$2.05. The firm has a market cap of C$235.47 million, a P/E ratio of 14.92 and a beta of 0.78.

Foraco International (TSE:FAR) last posted its earnings results on Thursday, October 30th. The company reported C$5.49 EPS for the quarter. The firm had revenue of C$98.89 million for the quarter. Foraco International had a net margin of 8.42% and a return on equity of 31.54%. As a group, equities research analysts anticipate that Foraco International SA will post 0.5984655 EPS 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. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.