Xebec Adsorption (CVE:XBC) Trading 0.6% Higher

Shares of Xebec Adsorption Inc. (CVE:XBC) traded up 0.6% during trading on Thursday . The stock traded as high as C$1.66 and last traded at C$1.66, 66,346 shares traded hands during trading. A decline of 63% from the average session volume of 180,935 shares. The stock had previously closed at C$1.65.

Separately, HC Wainwright set a C$3.00 target price on shares of Xebec Adsorption and gave the company a “buy” rating in a report on Tuesday, June 18th.

The company has a current ratio of 1.77, a quick ratio of 1.30 and a debt-to-equity ratio of 178.11. The company’s fifty day moving average is C$1.54 and its 200 day moving average is C$1.54. The company has a market cap of $111.18 million and a P/E ratio of -234.29.

Xebec Adsorption (CVE:XBC) last released its earnings results on Tuesday, August 13th. The company reported C$0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.02. The business had revenue of C$12.77 million for the quarter, compared to the consensus estimate of C$11.19 million. Analysts anticipate that Xebec Adsorption Inc. will post 0.11 EPS for the current year.

Xebec Adsorption Company Profile (CVE:XBC)

Xebec Adsorption Inc provides gas purification, generation, and filtration solutions for the natural gas, field gas, biogas/renewable natural gas, helium, hydrogen, nitrogen, and oxygen markets. It operates through three segments: Clean Technology, Industrial Compressed Air and Gas Treatment, and Oil and Gas.

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