Foraco International (TSE:FAR) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Foraco International SA (TSE:FAR) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.32 and traded as high as C$2.55. Foraco International shares last traded at C$2.41, with a volume of 80,519 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Desjardins set a C$4.25 target price on shares of Foraco International and gave the company a “buy” rating in a research note on Tuesday, December 3rd.

Foraco International Price Performance

The company’s 50 day simple moving average is C$2.26 and its 200 day simple moving average is C$2.32. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 111.75. The stock has a market capitalization of C$237.60 million, a PE ratio of 5.88 and a beta of 1.25.

Foraco International (TSE:FAR) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.08 by C$0.03. The business had revenue of C$105.94 million for the quarter. Foraco International had a return on equity of 33.87% and a net margin of 8.87%. On average, equities analysts anticipate that Foraco International SA will post 0.5984655 earnings per share for the current 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.