Carmanah Technologies (TSE:CMH) Stock Price Up 0.1% – Time to Buy?

Carmanah Technologies Corp (TSE:CMHGet Free Report) shares traded up 0.1% on Monday . The stock traded as high as C$7.35 and last traded at C$7.35. 398,100 shares traded hands during mid-day trading, an increase of 468% from the average session volume of 70,044 shares. The stock had previously closed at C$7.34.

Carmanah Technologies Price Performance

The firm has a 50 day simple moving average of C$7.35. The company has a market cap of C$134.34 million and a price-to-earnings ratio of 3.26. The company has a current ratio of 12.25, a quick ratio of 11.85 and a debt-to-equity ratio of 0.64.

About Carmanah Technologies

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Carmanah Technologies Corporation designs, develops, and distributes products focused on energy optimized light LED solutions for infrastructure worldwide. It operates in Signals and Illumination segments. The Signals segment provides solar LED flashing beacons, including pedestrian crosswalk signals, school zone flashers, and 24-hr roadway beacons for various roadway applications; a range of marine lighting solutions to coast guards, marine authorities, navies, and ports; and LED aviation lighting solutions, such as approach lightings, apron lightings, and solar and hybrid power systems.

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