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ADF Group (TSE:DRX) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

ADF Group logo with Industrials background

ADF Group Inc. (TSE:DRX - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.26 and traded as low as C$9.43. ADF Group shares last traded at C$9.58, with a volume of 59,644 shares.

ADF Group Stock Performance

The company has a market cap of C$170.52 million, a price-to-earnings ratio of 5.84 and a beta of 0.57. The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 32.32. The stock has a 50 day simple moving average of C$10.33 and a 200 day simple moving average of C$13.26.

ADF Group (TSE:DRX - Get Free Report) last released its earnings results on Thursday, September 12th. The company reported C$0.51 earnings per share for the quarter, topping the consensus estimate of C$0.39 by C$0.12. ADF Group had a net margin of 15.02% and a return on equity of 37.06%. The company had revenue of C$74.88 million during the quarter, compared to the consensus estimate of C$92.60 million. As a group, analysts predict that ADF Group Inc. will post 0.2 EPS for the current year.

ADF Group Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 17th. Investors of record on Friday, September 27th were given a $0.02 dividend. The ex-dividend date was Friday, September 27th. This is an increase from ADF Group's previous Semi-Annual dividend of $0.01. ADF Group's dividend payout ratio (DPR) is currently 2.44%.

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.

Further Reading

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