Calfrac Well Services (TSE:CFW) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Calfrac Well Services Ltd. (TSE:CFW) stock recently crossed above its 200-day moving average, currently trading at C$3.43 after reaching a high of C$3.52.
• The company has a current market capitalization of C$294.60 million and a P/E ratio of 28.58, indicating its valuation in the market.
• Calfrac specializes in oilfield services, such as hydraulic fracturing and cementing, primarily serving the United States market.

Calfrac Well Services Ltd. (TSE:CFW - ) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.46 and traded as high as C$3.52. Calfrac Well Services shares last traded at C$3.43, with a volume of 3,710 shares trading hands.

Calfrac Well Services Trading Down 1.7%

The stock has a market cap of C$294.60 million, a P/E ratio of 28.58, a PEG ratio of -0.30 and a beta of 0.62. The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33. The business's 50 day simple moving average is C$3.50 and its 200 day simple moving average is C$3.46.

About Calfrac Well Services

Calfrac Well Services Ltd provides specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and other well completion services to the oil and natural gas industries in Canada, the United States, Russia, and Argentina. It generates maximum revenue from the United States.

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