Dexterra Group (TSE:DXT) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Dexterra Group Inc. (TSE:DXT)’s stock price 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 changing hands.

Wall Street Analyst Weigh In

Several research analysts have commented on DXT shares. TD Securities raised their target price on shares of Dexterra Group from C$5.50 to C$6.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Raymond James lifted their price objective on shares of Dexterra Group from C$8.00 to C$8.50 in a research report on Thursday, August 8th.

Dexterra Group Price Performance

The company has a quick ratio of 1.28, a current ratio of 1.52 and a debt-to-equity ratio of 55.43. The stock has a market capitalization of C$420.48 million, a PE ratio of 14.28, a P/E/G ratio of 0.90 and a beta of 1.02. The stock’s 50-day moving average is C$6.56 and its 200 day moving average is C$6.00.

Dexterra Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.087 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Tuesday, December 31st. Dexterra Group’s dividend payout ratio (DPR) is presently 76.09%.

Insider Buying and Selling

In other news, Senior Officer Mark Alan Becker acquired 7,704 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of C$6.49 per share, for a total transaction of C$49,998.96. 51.55% of the stock is owned by corporate insiders.

Dexterra Group Company Profile

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.