Orbit Garant Drilling (TSE:OGD) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Orbit Garant Drilling Inc. (TSE:OGD) 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 changing hands.

Orbit Garant Drilling Trading Down 2.5 %

The company has a fifty day moving average of C$0.77 and a two-hundred day moving average of C$0.68. The company has a current ratio of 2.80, a quick ratio of 1.01 and a debt-to-equity ratio of 56.65. The stock has a market capitalization 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.

Orbit Garant Drilling (TSE:OGD) last released its earnings results on Thursday, September 19th. The company reported C($0.04) earnings per share for the quarter. The firm had revenue of C$45.30 million for the quarter. Orbit Garant Drilling had a negative return on equity of 2.16% and a negative net margin of 0.73%. On average, research analysts expect that Orbit Garant Drilling Inc. will post 0.0400267 EPS for the current year.

Orbit Garant Drilling Company Profile

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.