High Arctic Energy Services (TSE:HWO) Stock Crosses Above 200-Day Moving Average – Should You Sell?

High Arctic Energy Services Inc (TSE:HWO)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.86 and traded as high as C$0.88. High Arctic Energy Services shares last traded at C$0.88, with a volume of 12,001 shares changing hands.

High Arctic Energy Services Stock Down 6.4%

The company has a market capitalization of C$11.17 million, a price-to-earnings ratio of 8.00 and a beta of 0.10. The company has a quick ratio of 4.54, a current ratio of 2.50 and a debt-to-equity ratio of 18.34. The firm has a 50 day moving average price of C$0.86 and a two-hundred day moving average price of C$0.86.

High Arctic Energy Services (TSE:HWO) last released its quarterly earnings results on Thursday, May 14th. The company reported C$0.07 EPS for the quarter. High Arctic Energy Services had a return on equity of 6.04% and a net margin of 12.06%.The business had revenue of C$2.73 million for the quarter. As a group, sell-side analysts expect that High Arctic Energy Services Inc will post -0.01 earnings per share for the current year.

High Arctic Energy Services Company Profile

High Arctic is an energy services provider. High Arctic provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment ¿on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta¿.