Cormark Downgrades Decisive Dividend (CVE:DE) to Hold

Decisive Dividend (CVE:DE) was downgraded by research analysts at Cormark from a “moderate buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Decisive Dividend Stock Performance

Decisive Dividend stock opened at C$6.43 on Thursday. 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 company’s 50-day moving average is C$6.39 and its 200 day moving average is C$7.04. Decisive Dividend has a 1-year low of C$5.51 and a 1-year high of C$11.50. The firm has a market capitalization of C$124.81 million, a P/E ratio of 29.95 and a beta of 1.18.

Decisive Dividend (CVE:DE) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.01). Decisive Dividend had a return on equity of 8.34% and a net margin of 3.32%. The company had revenue of C$32.24 million during the quarter, compared to the consensus estimate of C$36.70 million. Research analysts forecast that Decisive Dividend will post 0.3206107 EPS for the current year.

About Decisive Dividend

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.