Strongco (TSE:SQP) Share Price Crosses Above 200 Day Moving Average of $1.65

Strongco Corp (TSE:SQP) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.65 and traded as high as $1.76. Strongco shares last traded at $1.70, with a volume of 3,551 shares trading hands.

Separately, Raymond James reiterated a “market perform” rating and set a C$2.00 target price on shares of Strongco in a research report on Monday, November 4th.

The company has a debt-to-equity ratio of 830.32, a current ratio of 1.10 and a quick ratio of 0.17. The business has a 50 day moving average of C$1.74 and a 200 day moving average of C$1.65. The firm has a market capitalization of $23.40 million and a price-to-earnings ratio of 4.82.

Strongco (TSE:SQP) last issued its earnings results on Wednesday, October 30th. The company reported C$0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.06 by C$0.10. The company had revenue of C$98.00 million for the quarter. As a group, equities analysts predict that Strongco Corp will post 0.1956522 EPS for the current year.

Strongco Company Profile (TSE:SQP)

Strongco Corporation sells, rents, and services new and used equipment to the construction, infrastructure, mining, oil and gas, utilities, municipalities, waste management, and forestry sectors in Canada and in the United States. The company offers attachments/accessories, backhoe loaders, compactors/tampers, crawler dozers, cranes, crushing and screening equipment, excavators, forestry equipment, haulers, hydraulic hammers, lift trucks, wheel and compact loaders, material handlers, motor graders, pavers/milling/road wideners, scrapers, skid steers, and pipe layers; and used equipment.

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