High Arctic Energy Services (TSE:HWO) Shares Pass Below 200-Day Moving Average of $1.03

High Arctic Energy Services, Inc. (TSE:HWO) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.03 and traded as low as $0.57. High Arctic Energy Services shares last traded at $0.59, with a volume of 32,036 shares changing hands.

Separately, AltaCorp Capital lowered shares of High Arctic Energy Services from an “outperform” rating to a “sector perform” rating in a report on Tuesday, May 19th.

The company has a debt-to-equity ratio of 9.70, a current ratio of 3.11 and a quick ratio of 2.65. The company has a market cap of $29.28 million and a PE ratio of -2.94. The company’s 50 day simple moving average is C$0.69 and its two-hundred day simple moving average is C$1.03.

High Arctic Energy Services (TSE:HWO) last announced its earnings results on Thursday, May 14th. The company reported C($0.04) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C($0.04). The company had revenue of C$39.60 million for the quarter, compared to analysts’ expectations of C$42.00 million. Sell-side analysts expect that High Arctic Energy Services, Inc. will post -0.32 EPS for the current fiscal year.

About High Arctic Energy Services (TSE:HWO)

High Arctic Energy Services Inc provides oilfield services in Canada, Papua New Guinea, and the United States. The company operates through Drilling Services, Production Services, and Ancillary Services segments. It offers snubbing services, including foothills stand alone, stand alone, power tower, and rig assist units; nitrogen transport and pumping services; and service rigs.

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