Carmanah Tech (CMH) was Downgraded to a Hold Rating at Canaccord Genuity

Today, an analyst has provided a rating update for Carmanah Tech (CMH). Analyst Raveel Afzaal from Canaccord Genuity rated Carmanah Tech (CMH) a Hold, setting a C$7.50 price target.

Afzaal has an average return of 4.0% when recommending Carmanah Tech.

According to, Afzaal is ranked #3724 out of 5222 analysts.

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Carmanah Tech has an analyst consensus of Hold, with a price target consensus of C$7.50.

The company has a one-year high of C$6.99 and a one-year low of C$3.39. Currently, Carmanah Tech has an average volume of 30.31K.

Carmanah Technologies Corp. designs, develops and distributes industrial and commercial solar powered outdoor LED lighting systems, signaling systems for the marine, aviation, traffic and obstruction markets, energy systems for the mobile markets and also designs and installs PV rooftop and greenfield power plants.

The company’s shares closed on Monday at C$6.65, close to its 52-week high of C$6.99.

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