Strongco (TSE:SQP) Stock Rating Reaffirmed by Raymond James

Raymond James reissued their market perform rating on shares of Strongco (TSE:SQP) in a research report sent to investors on Thursday morning, BayStreet.CA reports. Raymond James currently has a C$2.00 price objective on the stock. Raymond James also issued estimates for Strongco’s FY2019 earnings at $0.27 EPS and FY2020 earnings at $0.35 EPS.

Shares of TSE SQP remained flat at $C$1.55 on Thursday. 7,000 shares of the company’s stock were exchanged, compared to its average volume of 2,818. Strongco has a fifty-two week low of C$1.45 and a fifty-two week high of C$2.70. The stock has a 50 day simple moving average of C$1.62. The firm has a market cap of $21.40 million and a PE ratio of 110.71. The company has a debt-to-equity ratio of 865.84, a quick ratio of 0.18 and a current ratio of 1.09.

Strongco Company Profile

Strongco Corporation sells, rents, and services new and used equipment to the construction, infrastructure, mining, oil and gas, utilities, municipalities, waste management, and forestry sectors in Canada and in the United States. The company offers attachments/accessories, backhoe loaders, compactors/tampers, crawler dozers, cranes, crushing and screening equipment, excavators, forestry equipment, haulers, hydraulic hammers, lift trucks, wheel and compact loaders, material handlers, motor graders, pavers/milling/road wideners, scrapers, skid steers, and pipe layers; and used equipment.

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