High Arctic Energy Services (TSE:HWO) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of High Arctic Energy Services Inc (TSE:HWO) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.86 and traded as high as C$0.91. High Arctic Energy Services shares last traded at C$0.91, with a volume of 868 shares traded.

High Arctic Energy Services Price Performance

The stock has a market capitalization of C$11.55 million, a P/E ratio of 8.27 and a beta of 0.10. The company has a current ratio of 2.50, a quick ratio of 4.54 and a debt-to-equity ratio of 18.34. The company has a fifty day simple moving average of C$0.87 and a two-hundred day simple moving average of C$0.86.

High Arctic Energy Services (TSE:HWO) last released its earnings results on Thursday, May 14th. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$2.73 million for the quarter. High Arctic Energy Services had a net margin of 12.06% and a return on equity of 6.04%. Sell-side analysts expect that High Arctic Energy Services Inc will post -0.01 EPS for the current fiscal year.

High Arctic Energy Services Company Profile

High Arctic is an energy services provider. High Arctic provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment ¿on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta¿.