Major Drilling Group International Inc. (TSE:MDI - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.26 and traded as high as C$9.53. Major Drilling Group International shares last traded at C$9.45, with a volume of 58,089 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, TD Securities reduced their price objective on Major Drilling Group International from C$14.50 to C$14.00 and set a "buy" rating for the company in a research report on Tuesday, February 27th.
Read Our Latest Stock Report on Major Drilling Group International
Major Drilling Group International Trading Up 1.3 %
The stock has a market cap of C$782.73 million, a price-to-earnings ratio of 12.43, a PEG ratio of 3.45 and a beta of 1.62. The company has a quick ratio of 1.92, a current ratio of 3.75 and a debt-to-equity ratio of 1.05. The business has a 50-day moving average of C$8.35 and a 200-day moving average of C$8.27.
Major Drilling Group International (TSE:MDI - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported C($0.03) earnings per share (EPS) for the quarter. The firm had revenue of C$132.82 million for the quarter. Major Drilling Group International had a net margin of 8.84% and a return on equity of 14.08%. As a group, research analysts forecast that Major Drilling Group International Inc. will post 0.8041237 earnings per share for the current year.
About Major Drilling Group International
(
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Major Drilling Group International Inc provides contract drilling services for mining and mineral exploration companies. The company offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive, longhole drilling, surface drill and blast, and related mining services.
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