Strad Energy Services (TSE:SDY) Sets New 52-Week High at $1.81

Shares of Strad Energy Services Ltd (TSE:SDY) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$1.81 and last traded at C$1.78, with a volume of 4637 shares changing hands. The stock had previously closed at C$1.68.

Separately, Raymond James reissued a “strong-buy” rating and issued a C$3.00 target price on shares of Strad Energy Services in a report on Friday, November 8th.

The company has a debt-to-equity ratio of 15.68, a quick ratio of 1.12 and a current ratio of 1.17. The stock has a market capitalization of $93.83 million and a P/E ratio of -26.97. The firm’s fifty day simple moving average is C$1.64 and its 200 day simple moving average is C$1.64.

About Strad Energy Services (TSE:SDY)

Strad Energy Services Ltd. provides rental equipment and matting solutions to the oil and gas, pipeline, power transmission, and mining sectors in Canada and the United States. The company operates in two segments, Industrial Matting and Equipment Rentals. It offers tank farms, BBL tanks, BBL single wall horizontal tanks, agitator and flare tanks, floc and premix tanks, potable water storage sheds, EcoPond composites, shale bins, pipe racks and tubs, and containment systems; generators and heaters; and centrifuges, mobile centrifuge dewatering units, and linear motion drying shakers.

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