AKITA Drilling (TSE:AKT.A) Stock Crosses Below 200-Day Moving Average of $1.65

AKITA Drilling Ltd. (TSE:AKT.A – Get Rating) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.65 and traded as low as C$1.29. AKITA Drilling shares last traded at C$1.32, with a volume of 420 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AKT.A shares. BMO Capital Markets cut their price objective on AKITA Drilling from C$3.25 to C$2.50 in a report on Tuesday, March 21st. ATB Capital cut their target price on AKITA Drilling from C$4.75 to C$3.75 in a research note on Friday, May 5th.

AKITA Drilling Price Performance

The company has a quick ratio of 1.54, a current ratio of 2.02 and a debt-to-equity ratio of 69.14. The stock has a market capitalization of C$50.16 million, a P/E ratio of 3.22, a P/E/G ratio of -0.69 and a beta of 1.85. The firm has a fifty day moving average price of C$1.39 and a two-hundred day moving average price of C$1.65.

AKITA Drilling Company Profile

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AKITA Drilling Ltd. provides provides contract drilling services in Canada and the United States. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and development of storage caverns. It specializes in pad and other purpose-built drilling rigs; and conventional, directional, horizontal, and underbalanced drilling, as well as provides specialized drilling services.