Posted by admin on Aug 9th, 2022
Shares of Shawcor Ltd. (OTCMKTS:SAWLF – Get Rating) fell 0.7% during mid-day trading on Monday . The company traded as low as $4.49 and last traded at $4.49. 8,178 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 12,976 shares. The stock had previously closed at $4.53.
A number of research firms have recently issued reports on SAWLF. BMO Capital Markets upgraded Shawcor from a “market perform” rating to an “outperform” rating in a research note on Monday, May 16th. TD Securities upgraded Shawcor from a “hold” rating to a “buy” rating in a research note on Monday, May 16th. Finally, Royal Bank of Canada increased their target price on Shawcor from C$7.00 to C$8.00 in a research note on Monday, May 16th.
The business has a fifty day moving average of $4.44 and a 200 day moving average of $4.34.
Shawcor Ltd. operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Systems, Automotive and Industrial, and Pipeline and Pipe Services. The Composite Systems segment manufactures flexible composite and high density polyethylene pipes that are used for oil and gas gathering, water disposal, carbon dioxide injection pipelines, and other applications; fiberglass reinforced plastic underground storage tanks for the retail fuel, water and wastewater, and oil and gas markets; and tubular management services to the Western Canadian onshore oilfield market, including inventory management systems, mobile inspection, in-plant inspection and the refurbishment and rethreading of drill pipe, production tubing and casing, and tubular products.
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