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ADF Group (TSE:DRX) Stock Passes Below 200 Day Moving Average - Here's Why

ADF Group logo with Industrials background

ADF Group Inc. (TSE:DRX - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$10.58 and traded as low as C$7.95. ADF Group shares last traded at C$8.17, with a volume of 270,943 shares traded.

ADF Group Stock Performance

The firm has a fifty day simple moving average of C$9.13 and a 200-day simple moving average of C$10.46. The company has a current ratio of 2.22, a quick ratio of 1.74 and a debt-to-equity ratio of 28.51. The stock has a market cap of C$241.49 million, a price-to-earnings ratio of 4.21 and a beta of 0.57.

ADF Group Company Profile

(Get Free Report)

ADF Group Inc engages in the design and engineering of connections including industrial coatings in Canada and the United States. It also fabricates and installs complex steel structures and heavy steel built-ups, as well as miscellaneous and architectural metalwork services. In addition, the company offers products and services for various segments of the non-residential construction industry, including office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructures.

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