ADF Group (TSE:DRX) Shares Down 7.1%

ADF Group Inc. (TSE:DRX) shares traded down 7.1% on Wednesday . The company traded as low as C$14.83 and last traded at C$14.83. 142,041 shares traded hands during trading, an increase of 14% from the average session volume of 125,011 shares. The stock had previously closed at C$15.97.

ADF Group Stock Performance

The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 30.13. The company has a market capitalization of C$290.24 million, a PE ratio of 13.79 and a beta of 0.63. The firm’s 50-day simple moving average is C$15.75 and its 200-day simple moving average is C$10.76.

ADF Group (TSE:DRX) last announced its quarterly earnings results on Thursday, April 11th. The company reported C$0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.26 by C$0.06. The firm had revenue of C$88.39 million during the quarter, compared to analyst estimates of C$77.10 million. ADF Group had a return on equity of 26.21% and a net margin of 11.36%. On average, research analysts predict that ADF Group Inc. will post 0.2 earnings per share for the current year.

ADF Group Dividend Announcement

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 26th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, April 25th. ADF Group’s dividend payout ratio is currently 1.74%.

About ADF Group

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.