Foraco International (TSE:FAR) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Foraco International SA (TSE:FAR) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

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

Foraco International Stock Performance

The company has a debt-to-equity ratio of 111.75, a quick ratio of 0.88 and a current ratio of 1.40. The business’s fifty day moving average price is C$2.26 and its 200-day moving average price is C$2.31. The stock has a market cap of C$236.62 million, a PE ratio of 5.85 and a beta of 1.25.

Foraco International (TSE:FAR) last posted its earnings results on Wednesday, October 30th. The company reported C$0.11 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.08 by C$0.03. Foraco International had a return on equity of 33.87% and a net margin of 8.87%. The company had revenue of C$105.94 million for the quarter. As a group, equities research analysts forecast that Foraco International SA will post 0.5984655 EPS for the current fiscal 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.