Carmanah Technologies (TSE:CMH) Shares Down 0.7%

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Carmanah Technologies Corp (TSE:CMH) shares were down 0.7% during trading on Monday . The stock traded as low as C$7.16 and last traded at C$7.16. Approximately 4,800 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 44,569 shares. The stock had previously closed at C$7.21.

Several research analysts recently commented on CMH shares. Cormark raised their price target on shares of Carmanah Technologies from C$6.50 to C$7.00 in a report on Monday, April 1st. Canaccord Genuity downgraded shares of Carmanah Technologies from a “buy” rating to a “hold” rating and set a C$7.50 price objective for the company. in a research report on Monday, April 1st.

The company has a debt-to-equity ratio of 0.64, a quick ratio of 11.85 and a current ratio of 12.25. The stock’s 50-day moving average is C$7.06. The stock has a market capitalization of $131.78 million and a P/E ratio of 3.18.

Carmanah Technologies (TSE:CMH) last issued its quarterly earnings data on Thursday, May 9th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$10.44 million for the quarter, compared to the consensus estimate of C$10.64 million. Sell-side analysts predict that Carmanah Technologies Corp will post 0.04 EPS for the current fiscal year.

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Carmanah Technologies Company Profile (TSE:CMH)

Carmanah Technologies Corporation designs, develops, and distributes products focused on energy optimized light LED solutions for infrastructure worldwide. It operates in Signals and Illumination segments. The Signals segment provides solar LED flashing beacons, including pedestrian crosswalk signals, school zone flashers, and 24-hr roadway beacons for various roadway applications; a range of marine lighting solutions to coast guards, marine authorities, navies, and ports; and LED aviation lighting solutions, such as approach lightings, apron lightings, and solar and hybrid power systems.

Read More: Outperform Rating

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