Foraco International (TSE:FAR) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Foraco International SA (TSE:FAR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.19 and traded as high as C$3.00. Foraco International shares last traded at C$2.99, with a volume of 141,493 shares trading hands.

Foraco International Price Performance

The company has a market capitalization of C$294.59 million, a price-to-earnings ratio of 18.66 and a beta of 0.62. 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 company’s 50 day simple moving average is C$2.53 and its 200-day simple moving average is C$2.19.

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