Carmanah Technologies Corp (TSE:CMH) shares hit a new 52-week high on Monday . The stock traded as high as C$7.35 and last traded at C$7.35, with a volume of 397200 shares trading hands. The stock had previously closed at C$7.34.
The company has a market capitalization of $134.16 million and a P/E ratio of 3.26. The company’s 50-day moving average price is C$7.30 and its two-hundred day moving average price is C$6.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 12.25 and a quick ratio of 11.85.
In related news, insider Carmanah Technologies Corporation acquired 449,394 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were bought at an average cost of C$7.20 per share, with a total value of C$3,235,636.80. Following the completion of the transaction, the insider now directly owns 449,394 shares of the company’s stock, valued at C$3,235,636.80. Insiders bought 450,066 shares of company stock worth $3,240,516 over the last three months.
Carmanah Technologies Corporation designs, develops, and distributes products focused on energy optimized light LED solutions for infrastructure worldwide. It operates in Signals and Illumination segments. The Signals segment provides solar LED flashing beacons, including pedestrian crosswalk signals, school zone flashers, and 24-hr roadway beacons for various roadway applications; a range of marine lighting solutions to coast guards, marine authorities, navies, and ports; and LED aviation lighting solutions, such as approach lightings, apron lightings, and solar and hybrid power systems.
Receive News & Ratings for Carmanah Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carmanah Technologies and related companies with MarketBeat.com's FREE daily email newsletter.