ADF Group (TSE:DRX) Stock Price Passes Above 200 Day Moving Average of $8.00

ADF Group Inc. (TSE:DRX) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.00 and traded as high as C$14.61. ADF Group shares last traded at C$14.37, with a volume of 48,211 shares.

ADF Group Stock Performance

The stock has a market capitalization of C$262.97 million, a PE ratio of 15.97 and a beta of 0.80. The business has a 50 day moving average price of C$10.81 and a 200 day moving average price of C$8.07. The company has a debt-to-equity ratio of 32.20, a current ratio of 1.96 and a quick ratio of 1.74.

ADF Group (TSE:DRX) last released its earnings results on Thursday, April 11th. The company reported C$0.32 EPS for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.06. ADF Group had a return on equity of 21.20% and a net margin of 10.01%. The firm had revenue of C$88.39 million for the quarter, compared to analysts’ expectations of C$77.10 million. As a group, equities research analysts expect that ADF Group Inc. will post 0.2 earnings per share for the current year.

ADF Group Announces Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 26th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, April 25th. ADF Group’s payout ratio is currently 2.22%.

ADF Group Company Profile

ADF Group Inc engages in the design and engineering of connections 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.