Cervus Equipment Corp (TSE:CERV)’s stock price traded down 1.2% during trading on Tuesday . The company traded as low as C$6.41 and last traded at C$6.50, 6,800 shares traded hands during trading. A decline of 54% from the average session volume of 14,869 shares. The stock had previously closed at C$6.58.
A number of research analysts have commented on the company. National Bank Financial set a C$9.50 price target on Cervus Equipment and gave the stock a “sector perform” rating in a research note on Wednesday, March 11th. Raymond James restated a “market perform” rating and set a C$6.40 price target on shares of Cervus Equipment in a research note on Tuesday, May 19th. TD Securities upped their price target on Cervus Equipment from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research note on Tuesday, May 19th. Finally, CIBC decreased their price target on Cervus Equipment from C$9.50 to C$8.00 in a research note on Tuesday, May 19th.
The business has a 50-day moving average price of C$6.94 and a two-hundred day moving average price of C$7.33. The company has a quick ratio of 0.33, a current ratio of 1.43 and a debt-to-equity ratio of 175.57. The firm has a market cap of $102.48 million and a PE ratio of -11.61.
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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