ADF Group (TSE:DRX) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

ADF Group Inc. (TSE:DRX)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.26 and traded as low as C$9.43. ADF Group shares last traded at C$9.58, with a volume of 59,644 shares traded.

ADF Group Trading Down 1.0 %

The firm has a market cap of C$170.52 million, a P/E ratio of 5.84 and a beta of 0.57. The stock has a fifty day simple moving average of C$10.33 and a 200 day simple moving average of C$13.26. The company has a debt-to-equity ratio of 32.32, a quick ratio of 1.74 and a current ratio of 2.11.

ADF Group (TSE:DRX) last released its quarterly earnings results on Thursday, September 12th. The company reported C$0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.39 by C$0.12. The firm had revenue of C$74.88 million for the quarter, compared to the consensus estimate of C$92.60 million. ADF Group had a return on equity of 37.06% and a net margin of 15.02%. On average, research analysts expect that ADF Group Inc. will post 0.2 earnings per share for the current fiscal year.

ADF Group Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Friday, September 27th were issued a $0.02 dividend. This is a boost from ADF Group’s previous Semi-Annual dividend of $0.01. The ex-dividend date was Friday, September 27th. ADF Group’s payout ratio is 2.44%.

ADF Group Company Profile

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.