dentalcorp (TSE:DNTL) Sets New 1-Year High – Here’s Why

dentalcorp Holdings Ltd. (TSE:DNTL) hit a new 52-week high during trading on Thursday . The stock traded as high as C$10.95 and last traded at C$10.93, with a volume of 793327 shares. The stock had previously closed at C$10.91.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Desjardins lowered dentalcorp from a “buy” rating to a “tender” rating and reduced their target price for the company from C$12.75 to C$11.00 in a report on Monday, September 29th. ATB Capital lowered shares of dentalcorp from an “outperform” rating to a “tender” rating and cut their price objective for the company from C$12.00 to C$11.00 in a research report on Monday, September 29th. Stifel Nicolaus lowered shares of dentalcorp from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$12.50 to C$11.00 in a report on Tuesday, September 30th. TD Securities lowered their target price on shares of dentalcorp from C$13.00 to C$11.00 and set a “sell” rating on the stock in a research note on Monday, September 29th. Finally, Jefferies Financial Group lowered shares of dentalcorp from a “buy” rating to a “hold” rating and reduced their price target for the company from C$11.50 to C$11.00 in a research report on Monday, September 29th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$11.55.

dentalcorp Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 78.72. The company’s 50-day moving average is C$9.88 and its two-hundred day moving average is C$8.87. The company has a market capitalization of C$2.17 billion, a P/E ratio of -47.48, a PEG ratio of -2.69 and a beta of 1.51.

dentalcorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 21st were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.9%. dentalcorp’s dividend payout ratio is presently -21.74%.

About dentalcorp

Dentalcorp Holdings Ltd is engaged in acquiring dental practices and providing health care services in Canada. It recognizes revenue for the provision of dental services that are rendered to patients by Partner dentists and dental practitioners contracted by the Professional Corporations and health care services rendered by employees or contractors of the company.