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

High Arctic Energy Services Inc (TSE:HWO) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.86 and traded as high as C$0.91. High Arctic Energy Services shares last traded at C$0.91, with a volume of 868 shares changing hands.

High Arctic Energy Services Stock Up 1.1%

The company has a debt-to-equity ratio of 18.34, a current ratio of 2.50 and a quick ratio of 4.54. The stock has a market cap of C$11.55 million, a price-to-earnings ratio of 8.27 and a beta of 0.10. The firm has a 50 day simple moving average of C$0.87 and a two-hundred day simple moving average of C$0.86.

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

About High Arctic Energy Services

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¿.