ACT Energy Technologies (TSE:ACX) Trading Up 3.2% – Here’s What Happened

ACT Energy Technologies Ltd. (TSE:ACX) shares were up 3.2% during trading on Thursday . The company traded as high as C$5.80 and last traded at C$5.78. Approximately 17,734 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 54,978 shares. The stock had previously closed at C$5.60.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. ATB Capital lifted their price objective on ACT Energy Technologies from C$6.50 to C$7.25 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Raymond James Financial lifted their price target on ACT Energy Technologies from C$8.75 to C$10.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, ACT Energy Technologies has an average rating of “Buy” and an average target price of C$8.63.

ACT Energy Technologies Trading Up 3.2%

The firm has a fifty day simple moving average of C$5.30. The firm has a market capitalization of C$193.40 million, a price-to-earnings ratio of 8.03 and a beta of 0.75.

ACT Energy Technologies Company Profile

ACT Energy Technologies Ltd. is based in Calgary, Alberta, Canada. We operate in Canada and in the United States as Altitude Energy Partners, and in the U.S. under Discovery Downhole Services and Rime Downhole Technologies.