ADF Group (TSE:DRX) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

ADF Group Inc. (TSE:DRX) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.81 and traded as high as C$10.95. ADF Group shares last traded at C$10.52, with a volume of 35,331 shares trading hands.

ADF Group Stock Performance

The stock’s fifty day moving average is C$9.74 and its two-hundred day moving average is C$8.81. The firm has a market capitalization of C$300.38 million, a price-to-earnings ratio of 11.31 and a beta of -0.79. The company has a debt-to-equity ratio of 22.67, a quick ratio of 1.74 and a current ratio of 2.21.

ADF Group (TSE:DRX) last released its quarterly earnings results on Thursday, April 16th. The company reported C$0.23 earnings per share for the quarter. The business had revenue of C$78.79 million during the quarter. ADF Group had a net margin of 10.17% and a return on equity of 15.07%. Analysts forecast that ADF Group Inc. will post 0.2 earnings per share for the current year.

ADF Group Company Profile

ADF Group Inc is a North American leader in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. ADF Group Inc is one of the few players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors.