High Arctic Energy Services (TSE:HWO) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

High Arctic Energy Services Inc (TSE:HWO)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.26 and traded as low as C$1.13. High Arctic Energy Services shares last traded at C$1.13, with a volume of 2,663 shares trading hands.

High Arctic Energy Services Trading Down 0.9 %

The business’s fifty day simple moving average is C$1.22 and its two-hundred day simple moving average is C$1.26. The company has a quick ratio of 4.54, a current ratio of 1.92 and a debt-to-equity ratio of 66.52. The company has a market cap of C$13.88 million, a price-to-earnings ratio of -1.11 and a beta of 1.59.

High Arctic Energy Services (TSE:HWO) last announced its quarterly earnings results on Thursday, August 15th. The company reported C($0.04) EPS for the quarter. High Arctic Energy Services had a negative return on equity of 14.36% and a negative net margin of 16.05%. The company had revenue of C$2.53 million for the quarter. On average, equities analysts predict that High Arctic Energy Services Inc will post -0.01 EPS for the current year.

About High Arctic Energy Services

High Arctic Energy Services Inc, an oilfield services company, provides oilfield services to exploration and production companies in Canada and Papua New Guinea. The company operates through three segments: Drilling Services, Production Services, and Ancillary Services. It offers drilling services, including provision of drilling personnel; well servicing and snubbing services; and hydraulic workover units.