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Dexterra Group (TSE:DXT) Stock Crosses Above 200-Day Moving Average - What's Next?

Dexterra Group logo with Industrials background

Dexterra Group Inc. (TSE:DXT - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$6.00 and traded as high as C$6.65. Dexterra Group shares last traded at C$6.57, with a volume of 16,090 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DXT. Raymond James upped their price objective on shares of Dexterra Group from C$8.00 to C$8.50 in a research note on Thursday, August 8th. TD Securities lifted their price target on shares of Dexterra Group from C$5.50 to C$6.00 and gave the company a "hold" rating in a research report on Wednesday, August 7th.

Check Out Our Latest Stock Analysis on DXT

Dexterra Group Trading Down 0.6 %

The company has a debt-to-equity ratio of 55.43, a current ratio of 1.52 and a quick ratio of 1.28. The firm has a market capitalization of C$420.48 million, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02. The stock's 50-day simple moving average is C$6.56 and its two-hundred day simple moving average is C$6.00.

Dexterra Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.087 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.30%. Dexterra Group's payout ratio is 76.09%.

Insiders Place Their Bets

In other news, Senior Officer Mark Alan Becker acquired 7,704 shares of Dexterra Group stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average cost of C$6.49 per share, with a total value of C$49,998.96. Corporate insiders own 51.55% of the company's stock.

About Dexterra Group

(Get Free Report)

Dexterra Group Inc engages in the provision of support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The IFM segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure.

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