AKITA Drilling (TSE:AKT.A - Get Free Report) had its target price upped by investment analysts at ATB Capital from C$2.70 to C$3.75 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. ATB Capital's target price would indicate a potential upside of 148.34% from the company's previous close.
AKITA Drilling Price Performance
TSE:AKT.A traded up C$0.05 during midday trading on Tuesday, hitting C$1.51. The company had a trading volume of 117,750 shares, compared to its average volume of 31,543. The company has a market capitalization of C$57.47 million, a PE ratio of 2.13, a P/E/G ratio of -0.69 and a beta of 1.99. The company has a quick ratio of 1.54, a current ratio of 1.85 and a debt-to-equity ratio of 45.15. AKITA Drilling has a 52-week low of C$1.08 and a 52-week high of C$1.99. The stock's fifty day moving average price is C$1.57 and its 200-day moving average price is C$1.49.
About AKITA Drilling
(
Get Free Report)
AKITA Drilling Ltd. provides provides contract drilling services in Canada and the United States. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and development of storage caverns. It specializes in pad and other purpose-built drilling rigs; and conventional, directional, horizontal, and underbalanced drilling, as well as provides specialized drilling services.
Read More
Before you consider AKITA Drilling, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AKITA Drilling wasn't on the list.
While AKITA Drilling currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
