Posted by admin on Jul 7th, 2022
Xebec Adsorption Inc. (TSE:XBC – Get Rating) shares dropped 3.6% during trading on Wednesday . The stock traded as low as C$0.80 and last traded at C$0.80. Approximately 234,556 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 736,420 shares. The stock had previously closed at C$0.83.
XBC has been the topic of several recent analyst reports. Scotiabank initiated coverage on shares of Xebec Adsorption in a research note on Monday, April 4th. They issued a “hold” rating and a C$3.00 target price on the stock. Raymond James lowered shares of Xebec Adsorption from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$3.50 to C$2.00 in a report on Friday, May 13th. BMO Capital Markets lowered shares of Xebec Adsorption from an “outperform” rating to a “hold” rating and cut their price target for the stock from C$3.25 to C$1.75 in a report on Friday, May 13th. Eight Capital cut their price target on shares of Xebec Adsorption from C$2.75 to C$2.00 and set a “neutral” rating on the stock in a report on Friday, May 13th. Finally, National Bankshares cut their target price on shares of Xebec Adsorption from C$3.75 to C$2.00 and set a “sector perform” rating on the stock in a research note on Friday, May 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$2.92.
The company has a market cap of C$123.77 million and a PE ratio of -3.88. The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 28.57. The stock’s 50 day moving average is C$1.13 and its 200-day moving average is C$1.70.
Xebec Adsorption (TSE:XBC – Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported C($0.12) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.08). The firm had revenue of C$41.19 million for the quarter, compared to analysts’ expectations of C$36.05 million. On average, analysts anticipate that Xebec Adsorption Inc. will post -0.0592405 EPS for the current fiscal year.
Xebec Adsorption Company Profile (TSE:XBC)
Xebec Adsorption Inc designs, manufactures, and sells purification, separation, dehydration, and filtration equipment for gases and compressed air in Canada, the United States, China, Korea, Italy, France, and internationally. It operates through Systems and Support segments. The company offers on-site air dehydration under the ADX Solutions brand; biogas to renewable natural gas systems under the BGX Solutions brand; hydrogen purification systems under the H2X Solutions brand; natural gas dehydration units for refueling stations under the NGX Solutions brand; and products for the filtration and separation of air and gases under FSX Solutions brand.
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