Foraco International (TSE:FAR) Share Price Passes Above 200-Day Moving Average of $2.43

Foraco International SA (TSE:FAR)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.43 and traded as high as C$2.91. Foraco International shares last traded at C$2.83, with a volume of 46,595 shares changing hands.

Analysts Set New Price Targets

Separately, Clarus Securities reiterated a “buy” rating on shares of Foraco International in a research report on Monday, March 18th.

Foraco International Stock Performance

The company has a debt-to-equity ratio of 117.03, a quick ratio of 0.88 and a current ratio of 1.40. The company has a market cap of C$279.41 million, a price-to-earnings ratio of 6.74 and a beta of 1.30. The firm’s 50-day moving average price is C$2.95 and its 200 day moving average price is C$2.44.

Foraco International (TSE:FAR) last announced its quarterly earnings data on Friday, February 16th. The company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$117.89 million for the quarter. Foraco International had a net margin of 8.62% and a return on equity of 40.21%. On average, sell-side analysts anticipate that Foraco International SA will post 0.6316964 EPS for the current year.

About Foraco International

Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples.