ATB Capital Issues Pessimistic Forecast for ACT Energy Technologies (TSE:ACX) Stock Price

ACT Energy Technologies (TSE:ACXGet Free Report) had its price target cut by equities researchers at ATB Capital from C$6.75 to C$6.50 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s price objective would suggest a potential upside of 20.37% from the company’s previous close.

ACT Energy Technologies Price Performance

Shares of TSE ACX opened at C$5.40 on Friday. The firm’s 50 day simple moving average is C$5.20. ACT Energy Technologies has a 12-month low of C$4.23 and a 12-month high of C$6.98. The company has a market capitalization of C$180.69 million, a price-to-earnings ratio of 7.50 and a beta of 0.62.

About ACT Energy Technologies

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ACT Energy Technologies Ltd. is based in Calgary, Alberta, Canada. We operate in Canada and in the United States as Altitude Energy Partners, and in the U.S. under Discovery Downhole Services and Rime Downhole Technologies.

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