Avante (CVE:XX) Reaches New 12-Month High – Should You Buy?

Avante Corp. (CVE:XX) reached a new 52-week high during trading on Tuesday . The company traded as high as C$0.95 and last traded at C$0.88, with a volume of 70550 shares trading hands. The stock had previously closed at C$0.86.

Avante Trading Up 10.5 %

The firm’s 50 day simple moving average is C$0.76 and its two-hundred day simple moving average is C$0.77. The company has a quick ratio of 2.77, a current ratio of 1.72 and a debt-to-equity ratio of 10.80. The stock has a market cap of C$25.31 million, a P/E ratio of -7.17 and a beta of 1.71.

Avante (CVE:XX) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C($0.11) earnings per share (EPS) for the quarter. Avante had a negative net margin of 11.76% and a negative return on equity of 21.62%. The firm had revenue of C$7.26 million for the quarter. As a group, equities research analysts predict that Avante Corp. will post 0.0054778 earnings per share 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.