Shares of Cervus Equipment Corp (TSE:CERV) traded down 0.6% during mid-day trading on Monday . The company traded as low as C$8.67 and last traded at C$8.70, 700 shares traded hands during trading. A decline of 91% from the average session volume of 7,953 shares. The stock had previously closed at C$8.75.
A number of equities analysts have recently issued reports on the stock. Raymond James set a C$9.00 price objective on shares of Cervus Equipment and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. CIBC cut their price objective on shares of Cervus Equipment from C$11.00 to C$9.50 in a research report on Monday, November 11th. National Bank Financial cut their price objective on shares of Cervus Equipment from C$10.00 to C$9.50 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Finally, TD Securities lowered their target price on shares of Cervus Equipment from C$12.00 to C$9.00 and set a “hold” rating on the stock in a report on Monday, November 11th.
The company has a debt-to-equity ratio of 149.64, a quick ratio of 0.25 and a current ratio of 1.45. The company has a market cap of $133.35 million and a price-to-earnings ratio of 25.31. The stock’s fifty day moving average is C$8.56 and its two-hundred day moving average is C$8.68.
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.