Eguana Technologies (CVE:EGT) PT Lowered to C$0.60

Eguana Technologies (CVE:EGTGet Rating) had its target price lowered by Raymond James from C$0.75 to C$0.60 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, Stifel Nicolaus lowered their price target on shares of Eguana Technologies from C$0.65 to C$0.50 in a report on Tuesday.

Eguana Technologies Stock Performance

Shares of CVE EGT opened at C$0.26 on Wednesday. The company’s fifty day moving average price is C$0.34 and its 200 day moving average price is C$0.31. Eguana Technologies has a 1 year low of C$0.21 and a 1 year high of C$0.57. The company has a market capitalization of C$102.47 million and a PE ratio of -9.11. The company has a debt-to-equity ratio of 369.48, a quick ratio of 3.66 and a current ratio of 4.72.

Eguana Technologies (CVE:EGTGet Rating) last announced its quarterly earnings results on Monday, August 29th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.01). The firm had revenue of C$2.32 million for the quarter, compared to analysts’ expectations of C$4.73 million.

About Eguana Technologies

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Eguana Technologies Inc designs and manufactures residential and commercial energy storage systems for fuel cell, photovoltaic, and battery applications in Canada, Asia, Australia, Europe, and the United States. It provides its products under the Enduro, Evolve, and Elevate brand names. The company was formerly known as Sustainable Energy Technologies Ltd.

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