Petrofac (LON:PFC) Trading Up 8.3% – Here’s What Happened

Petrofac Limited (LON:PFCGet Free Report)’s share price shot up 8.3% on Tuesday . The stock traded as high as GBX 8.60 ($0.11) and last traded at GBX 8.40 ($0.10). 8,949,092 shares changed hands during mid-day trading, an increase of 131% from the average session volume of 3,878,208 shares. The stock had previously closed at GBX 7.76 ($0.10).

Petrofac Price Performance

The company has a quick ratio of 1.31, a current ratio of 0.68 and a debt-to-equity ratio of 900.89. The company has a 50 day simple moving average of GBX 9.71 and a 200-day simple moving average of GBX 12.72. The stock has a market cap of £43.12 million, a price-to-earnings ratio of -9.72, a PEG ratio of -6.27 and a beta of 0.97.

Petrofac Company Profile

(Get Free Report)

Petrofac Limited designs, builds, manages, maintains, and decommissions infrastructure for the energy industries in the United Kingdom, Algeria, Lithuania, Malaysia, the United States, Thailand, Oman, Australia, Bahrain, Kuwait, Iraq, Libya, India, the United Arab Emirates, the Netherlands, Ivory Coast, and internationally.

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