Decisive Dividend (CVE:DE) Stock Price Down 0.5% – Here’s Why

Decisive Dividend Co. (CVE:DE)’s stock price fell 0.5% on Tuesday . The stock traded as low as C$5.92 and last traded at C$5.98. 28,326 shares changed hands during trading, an increase of 21% from the average session volume of 23,440 shares. The stock had previously closed at C$6.01.

Wall Street Analysts Forecast Growth

Separately, Cormark cut shares of Decisive Dividend from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 7th.

Decisive Dividend Stock Up 1.0 %

The business has a 50-day moving average of C$6.39 and a 200 day moving average of C$6.63. The company has a market capitalization of C$118.01 million, a PE ratio of 27.36 and a beta of 1.18. The company has a debt-to-equity ratio of 130.66, a current ratio of 1.95 and a quick ratio of 1.54.

Decisive Dividend (CVE:DE) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.01). Decisive Dividend had a net margin of 3.32% and a return on equity of 8.34%. The business had revenue of C$32.24 million for the quarter, compared to the consensus estimate of C$36.70 million. Equities research analysts predict that Decisive Dividend Co. will post 0.3206107 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Jeffrey David Schellenberg purchased 8,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average cost of C$6.30 per share, for a total transaction of C$50,408.00. In the last ninety days, insiders bought 12,100 shares of company stock valued at $75,958. Company insiders own 10.13% of the company’s stock.

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.