Orbit Garant Drilling (TSE:OGD) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Orbit Garant Drilling Inc. (TSE:OGD)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.68 and traded as high as C$0.80. Orbit Garant Drilling shares last traded at C$0.79, with a volume of 53,000 shares trading hands.

Orbit Garant Drilling Stock Down 2.5 %

The firm’s 50 day simple moving average is C$0.77 and its 200 day simple moving average is C$0.68. The company has a market cap of C$29.52 million, a price-to-earnings ratio of -19.75, a price-to-earnings-growth ratio of 0.65 and a beta of 2.27. The company has a quick ratio of 1.01, a current ratio of 2.80 and a debt-to-equity ratio of 56.65.

Orbit Garant Drilling (TSE:OGD) last announced its quarterly earnings results on Thursday, September 19th. The company reported C($0.04) EPS for the quarter. Orbit Garant Drilling had a negative net margin of 0.73% and a negative return on equity of 2.16%. The firm had revenue of C$45.30 million during the quarter. Sell-side analysts anticipate that Orbit Garant Drilling Inc. will post 0.0400267 EPS for the current fiscal year.

About Orbit Garant Drilling

Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems.