Foraco International (TSE:FAR) Shares Pass Above 200 Day Moving Average – Time to Sell?

Foraco International SA (TSE:FAR)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.10 and traded as high as C$2.50. Foraco International shares last traded at C$2.47, with a volume of 116,903 shares changing hands.

Foraco International Stock Performance

The company has a debt-to-equity ratio of 115.59, a current ratio of 1.43 and a quick ratio of 0.88. The company has a 50 day simple moving average of C$2.32 and a 200-day simple moving average of C$2.10. The firm has a market cap of C$243.36 million, a PE ratio of 15.42 and a beta of 0.71.

Foraco International (TSE:FAR) last released its earnings results on Thursday, October 30th. The company reported C$5.49 EPS for the quarter. The company had revenue of C$98.89 million for the quarter. Foraco International had a net margin of 8.42% and a return on equity of 31.54%. As a group, equities research analysts anticipate that Foraco International SA will post 0.5984655 EPS 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. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.