Cormark cut shares of Decisive Dividend (CVE:DE - Free Report) from a moderate buy rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.
Decisive Dividend Price Performance
CVE DE traded down C$0.16 during mid-day trading on Thursday, hitting C$6.43. The stock had a trading volume of 20,143 shares, compared to its average volume of 24,209. The firm's 50 day moving average is C$6.39 and its 200 day moving average is C$7.04. Decisive Dividend has a twelve month low of C$5.51 and a twelve month high of C$11.50. The company has a debt-to-equity ratio of 130.66, a current ratio of 1.95 and a quick ratio of 1.54. The stock has a market capitalization of C$124.81 million, a price-to-earnings ratio of 29.95 and a beta of 1.18.
Decisive Dividend (CVE:DE - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.01). Decisive Dividend had a net margin of 3.32% and a return on equity of 8.34%. The firm had revenue of C$32.24 million during the quarter, compared to analyst estimates of C$36.70 million. Equities research analysts forecast that Decisive Dividend will post 0.3206107 earnings per share for the current fiscal year.
About Decisive Dividend
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Decisive Dividend Corporation, through its subsidiaries, manufactures and sells wood burning stoves, fireplace inserts, and gas fireplaces in Canada, the United States, and internationally. It operates in two segments, Finished Product and Component Manufacturing. The company also designs, manufactures, and markets air blast sprayers for use in agricultural industry under the Turbo Mist brand; and wastewater evaporator systems that are used in mining, oil and gas, and waste management industries.
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