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

Key Points

• Calfrac Well Services Ltd. (TSE:CFW) saw its share price rise above its 200-day moving average of C$3.46, trading as high as C$3.48 during Tuesday's session.
• The company maintains a strong financial position with a current ratio of 2.23 and a debt-to-equity ratio of 57.80.
• Calfrac Well Services specializes in oilfield services, primarily generating revenue from operations in the United States.

Calfrac Well Services Ltd. (TSE:CFW - )'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$3.46 and traded as high as C$3.48. Calfrac Well Services shares last traded at C$3.48, with a volume of 10,198 shares traded.

Calfrac Well Services Stock Performance

The company has a current ratio of 2.23, a quick ratio of 1.33 and a debt-to-equity ratio of 57.80. The company's 50 day moving average is C$3.47 and its 200-day moving average is C$3.46. The company has a market capitalization of C$298.89 million, a P/E ratio of 29.00, a price-to-earnings-growth ratio of -0.30 and a beta of 0.61.

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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