Cervus Equipment Corp (TSE:CERV)’s share price hit a new 52-week low during trading on Monday . The company traded as low as C$11.50 and last traded at C$11.55, with a volume of 3735 shares. The stock had previously closed at C$11.59.
A number of research analysts have issued reports on CERV shares. Raymond James reissued a “buy” rating on shares of Canadian Natural Resources in a research note on Friday, May 10th. CIBC decreased their target price on Stuart Olson from C$5.00 to C$4.00 in a research note on Tuesday. National Bank Financial decreased their target price on Rocky Mountain Dealerships from C$10.00 to C$8.00 in a research note on Tuesday, July 2nd. Finally, TD Securities decreased their target price on Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a “reduce” rating for the company in a research note on Monday, May 13th.
The stock has a market cap of $179.17 million and a P/E ratio of 7.81. The firm’s fifty day moving average price is C$12.15. The company has a debt-to-equity ratio of 139.85, a current ratio of 1.59 and a quick ratio of 0.25.
In other news, Director Peter Alan Lacey purchased 16,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were bought at an average cost of C$11.72 per share, for a total transaction of C$187,520.00. Following the completion of the acquisition, the director now directly owns 33,511 shares in the company, valued at approximately C$392,748.92. Also, Director Angela S. Lekatsas purchased 3,400 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average price of C$12.90 per share, for a total transaction of C$43,852.86. Following the completion of the acquisition, the director now owns 9,700 shares of the company’s stock, valued at C$125,109.63.
Cervus Equipment Company Profile (TSE:CERV)
Cervus Equipment Corporation engages in the sale, after-sale service, and maintenance of agricultural, transportation, and industrial equipment. It operates through three segments: Agricultural, Transportation, and Industrial Equipment. The Agricultural segment offers tractors, combine harvesting equipment, tillage, seeding, nutrient management and soil preparation machinery, sprayers, hay and forage equipment, material handling, integrated agricultural systems technology, precision agricultural irrigation equipment and supplies, lawn and garden tractors, compact utility tractors, zero-turn radius and front mowers, and utility vehicles; and associated implements for mowing, tilling, snow and debris handling, aerating, and other turf applications.
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