ADF Group (TSE:DRX) Trading 22.9% Higher - Time to Buy?

ADF Group Inc. (TSE:DRX - Get Free Report)'s stock price rose 22.9% on Wednesday . The company traded as high as C$8.96 and last traded at C$8.90. Approximately 113,631 shares were traded during trading, a decline of 7% from the average daily volume of 121,823 shares. The stock had previously closed at C$7.24.

ADF Group Stock Performance

The firm has a market capitalization of C$254.64 million, a P/E ratio of 4.44 and a beta of 0.57. 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 business's 50 day simple moving average is C$8.76 and its two-hundred day simple moving average is C$10.04.

ADF Group Company Profile

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.