High Arctic Energy Services (TSE:HWO) Stock Price Passes Below 200 Day Moving Average – What’s Next?

High Arctic Energy Services Inc (TSE:HWO)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.85 and traded as low as C$0.82. High Arctic Energy Services shares last traded at C$0.82, with a volume of 7,251 shares changing hands.

High Arctic Energy Services Price Performance

The company has a quick ratio of 4.54, a current ratio of 1.91 and a debt-to-equity ratio of 19.47. The firm has a fifty day moving average price of C$0.87 and a two-hundred day moving average price of C$0.85. The stock has a market capitalization of C$10.41 million, a P/E ratio of 27.33 and a beta of -0.32.

High Arctic Energy Services (TSE:HWO) last issued its quarterly earnings results on Tuesday, March 31st. The company reported C($0.01) earnings per share for the quarter. High Arctic Energy Services had a net margin of 3.35% and a return on equity of 1.65%. The company had revenue of C$2.99 million for the quarter. On average, analysts expect that High Arctic Energy Services Inc will post -0.01 EPS for the current year.

High Arctic Energy Services Company Profile

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are Drilling Services segment which consists of the drilling services; Production Services segment which consists of the well servicing and snubbing services; Ancillary Services segment which provides rental equipment and engineering consulting to various companies within the oil and gas sector and Corporate segment.