Carmanah Technologies (TSE:CMH) Stock Passes Above 200 Day Moving Average – What’s Next?

by · The Cerbat Gem

Carmanah Technologies Corp (TSE:CMH – Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$7.35. Carmanah Technologies shares last traded at C$7.35, with a volume of 398,100 shares trading hands.

Carmanah Technologies Price Performance

The company has a current ratio of 12.25, a quick ratio of 11.85 and a debt-to-equity ratio of 0.64. The company has a market capitalization of C$134.34 million and a P/E ratio of 3.26. The company’s 50 day moving average price is C$7.35.

About Carmanah Technologies

(Get Free Report)

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.

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