Acasta Enterprises (TSE:AEF) Shares Up 15.3% – Still a Buy?

Acasta Enterprises Inc (TSE:AEFGet Free Report) shot up 15.3% during mid-day trading on Monday . The stock traded as high as C$2.24 and last traded at C$2.19. 50,700 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 62,495 shares. The stock had previously closed at C$1.90.

Acasta Enterprises Price Performance

The company has a debt-to-equity ratio of 342.46, a quick ratio of 0.41 and a current ratio of 0.83. The firm has a 50 day moving average price of C$2.19. The company has a market capitalization of C$161.68 million and a price-to-earnings ratio of -73.00.

About Acasta Enterprises

(Get Free Report)

Acasta Enterprises Inc is a private equity firm specializing in buyouts. It prefer to invest in founder-led businesses, carve-outs of non-core assets, industry consolidation, and growth-oriented businesses. The firm prefers to invest in private label consumer staples and aviation finance and asset management companies.

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