Strongco (TSE:SQP) had its price target trimmed by Raymond James from C$3.00 to C$2.50 in a report published on Thursday. The brokerage currently has a hold rating on the stock.
TSE SQP opened at C$1.56 on Thursday. Strongco has a twelve month low of C$1.45 and a twelve month high of C$2.78. The company has a quick ratio of 0.22, a current ratio of 1.11 and a debt-to-equity ratio of 679.44. The stock has a market capitalization of $20.86 million and a P/E ratio of -13.45.
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, tractors, and pipelayers; and rubber-tired loaders, rigid and articulated trucks, rock drilling equipment, and telehandlers.
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