Dexterra Group (TSE:DXT) Stock Crosses Above 200 Day Moving Average – Here’s Why

Dexterra Group Inc. (TSE:DXT)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.66 and traded as high as C$7.86. Dexterra Group shares last traded at C$7.84, with a volume of 17,131 shares.

Dexterra Group Price Performance

The stock has a market cap of C$501.76 million, a PE ratio of 17.04, a P/E/G ratio of 0.90 and a beta of 1.02. The company has a debt-to-equity ratio of 55.43, a quick ratio of 1.28 and a current ratio of 1.52. The business has a 50 day moving average price of C$7.47 and a two-hundred day moving average price of C$6.66.

Dexterra Group (TSE:DXT) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.21 EPS for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.01. Dexterra Group had a return on equity of 10.48% and a net margin of 1.61%. During the same quarter last year, the company earned $0.21 EPS. Research analysts expect that Dexterra Group Inc. will post 0.7094298 earnings per share for the current fiscal year.

Dexterra Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.087 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Tuesday, December 31st. Dexterra Group’s dividend payout ratio (DPR) is currently 76.09%.

Insider Activity at Dexterra Group

In other news, Senior Officer Mark Alan Becker purchased 7,704 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of C$6.49 per share, for a total transaction of C$49,998.96. Also, Director Mary Garden acquired 3,700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average cost of C$7.83 per share, with a total value of C$28,971.00. Over the last 90 days, insiders purchased 12,404 shares of company stock worth $85,300. 51.55% of the stock is owned by company 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.