Foraco International (TSE:FAR) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Foraco International SA (TSE:FAR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.95 and traded as high as C$2.23. Foraco International shares last traded at C$2.20, with a volume of 40,972 shares.

Foraco International Stock Up 0.9%

The company has a market cap of C$216.76 million, a PE ratio of 13.73 and a beta of 0.95. The company has a quick ratio of 0.88, a current ratio of 1.43 and a debt-to-equity ratio of 115.59. The business has a 50-day simple moving average of C$2.14 and a 200-day simple moving average of C$1.95.

Foraco International (TSE:FAR) last released its quarterly earnings results on Thursday, October 30th. The company reported C$5.49 earnings per share (EPS) for the quarter. The firm 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%. Equities research analysts anticipate that Foraco International SA will post 0.5984655 EPS for the current year.

Foraco International Company Profile

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.