Avante (CVE:XX) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Avante Corp. (CVE:XX)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.74 and traded as high as C$0.83. Avante shares last traded at C$0.83, with a volume of 10,500 shares traded.

Avante Trading Up 2.5 %

The firm has a market capitalization of C$22.11 million, a P/E ratio of -6.92 and a beta of 1.71. The company has a current ratio of 1.72, a quick ratio of 2.77 and a debt-to-equity ratio of 10.80. The stock has a 50 day simple moving average of C$0.74 and a 200-day simple moving average of C$0.77.

Avante (CVE:XX) last announced its earnings results on Tuesday, July 30th. The company reported C($0.11) EPS for the quarter. The business had revenue of C$7.26 million for the quarter. Avante had a negative net margin of 11.76% and a negative return on equity of 21.62%. On average, equities research analysts forecast that Avante Corp. will post 0.0054778 EPS for the current fiscal year.

Avante Company Profile

Avante Corp. develops security technologies, products, and solutions in Canada, the United States, Israel, Egypt, Italy, Kuwait, the United Kingdom, and internationally. The company provides system design, sales, installations, and monitoring services, including alarm response and patrols, personal protection, house staff training, and secure transportation.