Foraco International (TSE:FAR) Sets New 52-Week High at $3.22

Foraco International SA (TSE:FAR - Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as C$3.22 and last traded at C$3.18, with a volume of 173258 shares. The stock had previously closed at C$3.11.

Analyst Upgrades and Downgrades

Separately, Clarus Securities reissued a "buy" rating on shares of Foraco International in a research note on Monday, March 18th.

Foraco International Stock Up 1.6 %

The stock has a market cap of C$311.67 million, a P/E ratio of 8.13 and a beta of 1.31. The company has a quick ratio of 0.88, a current ratio of 1.49 and a debt-to-equity ratio of 101.46. The company has a 50-day simple moving average of C$2.81 and a two-hundred day simple moving average of C$2.26.

Foraco International (TSE:FAR - Get Free Report) last posted its quarterly earnings results on Friday, February 16th. The company reported C$0.03 EPS for the quarter. The company had revenue of C$117.89 million during the quarter. Foraco International had a net margin of 7.76% and a return on equity of 39.08%. On average, equities analysts forecast that Foraco International SA will post 0.6533613 EPS for the current year.

About Foraco International

Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples.