Major Drilling Group International Inc. (TSE:MDI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.32 and traded as high as C$9.77. Major Drilling Group International shares last traded at C$9.68, with a volume of 117,905 shares traded.
Wall Street Analysts Forecast Growth
Separately, TD Securities decreased their price objective on shares of Major Drilling Group International from C$14.50 to C$14.00 and set a "buy" rating on the stock in a research report on Tuesday, February 27th.
Read Our Latest Report on MDI
Major Drilling Group International Stock Up 2.0 %
The stock has a market capitalization of C$807.27 million, a P/E ratio of 12.82, a P/E/G ratio of 3.45 and a beta of 1.66. The company's 50-day moving average price is C$8.56 and its 200 day moving average price is C$8.33. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.92 and a current ratio of 3.75.
Major Drilling Group International (TSE:MDI - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported C($0.03) 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, equities analysts expect that Major Drilling Group International Inc. will post 0.7854114 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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