Petrofac (LON:PFC) Trading 8.3% Higher – Here’s What Happened

Petrofac Limited (LON:PFCGet Free Report) shares shot up 8.3% during mid-day trading on Tuesday . The stock traded as high as GBX 8.60 ($0.11) and last traded at GBX 8.40 ($0.10). 8,949,092 shares traded hands during trading, an increase of 131% from the average session volume of 3,878,208 shares. The stock had previously closed at GBX 7.76 ($0.10).

Petrofac Stock Up 12.2 %

The company has a debt-to-equity ratio of 900.89, a current ratio of 0.68 and a quick ratio of 1.31. The company has a market cap of £45.42 million, a price-to-earnings ratio of -10.24, a price-to-earnings-growth ratio of -6.27 and a beta of 0.97. The firm’s 50-day moving average price is GBX 9.82 and its 200-day moving average price is GBX 12.78.

Petrofac Company Profile

(Get Free Report)

Petrofac Limited designs, builds, manages, maintains, and decommissions infrastructure for the energy industries in the United Kingdom, Algeria, Lithuania, Malaysia, the United States, Thailand, Oman, Australia, Bahrain, Kuwait, Iraq, Libya, India, the United Arab Emirates, the Netherlands, Ivory Coast, and internationally.

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