Foraco International (TSE:FAR) Stock Price Crosses Above 200 Day Moving Average of $2.35

Foraco International SA (TSE:FAR) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.35 and traded as high as C$3.23. Foraco International shares last traded at C$3.20, with a volume of 52,607 shares.

Wall Street Analysts Forecast Growth

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

Foraco International Trading Up 1.3 %

The company has a debt-to-equity ratio of 101.46, a current ratio of 1.49 and a quick ratio of 0.88. The company’s 50 day simple moving average is C$2.88 and its two-hundred day simple moving average is C$2.35. The company has a market cap of C$315.62 million, a PE ratio of 8.21 and a beta of 1.30.

Foraco International (TSE:FAR) last posted its quarterly earnings data on Friday, February 16th. The company reported C$0.03 earnings per share for the quarter. The business had revenue of C$117.89 million for the quarter. Foraco International had a return on equity of 39.08% and a net margin of 7.76%. As a group, sell-side analysts anticipate that Foraco International SA will post 0.6391129 EPS for the current fiscal 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.