Foraco International (TSE:FAR) Stock Passes Above 200-Day Moving Average – Here’s Why

by · The Cerbat Gem

Foraco International SA (TSE:FAR – Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.93 and traded as high as C$2.10. Foraco International shares last traded at C$2.08, with a volume of 62,800 shares traded.

Foraco International Stock Down 1.4%

The firm has a 50 day moving average of C$2.13 and a two-hundred day moving average of C$1.94. The stock has a market capitalization of C$201.98 million, a PE ratio of 12.80 and a beta of 0.95. The company has a current ratio of 1.43, a quick ratio of 0.88 and a debt-to-equity ratio of 115.59.

Foraco International (TSE:FAR – Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported C$5.49 EPS for the quarter. The company had revenue of C$98.89 million for the quarter. Foraco International had a return on equity of 31.54% and a net margin of 8.42%. Equities research analysts anticipate that Foraco International SA will post 0.5984655 earnings per share for the current year.

About Foraco International

(Get Free Report)

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.

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