ADF Group (TSE:DRX) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

ADF Group Inc. (TSE:DRX) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$9.38 and traded as high as C$9.50. ADF Group shares last traded at C$9.42, with a volume of 57,780 shares changing hands.

ADF Group Price Performance

The company has a quick ratio of 1.74, a current ratio of 2.27 and a debt-to-equity ratio of 23.59. The company’s fifty day moving average price is C$9.38 and its 200 day moving average price is C$8.49. The company has a market capitalization of C$268.97 million, a P/E ratio of 9.33 and a beta of -1.13.

ADF Group (TSE:DRX) last issued its quarterly earnings results on Thursday, December 11th. The company reported C$0.36 earnings per share (EPS) for the quarter. ADF Group had a return on equity of 16.99% and a net margin of 11.29%.The business had revenue of C$71.41 million for the quarter. As a group, sell-side analysts forecast that ADF Group Inc. will post 0.2 EPS for the current year.

About ADF Group

ADF Group Inc involves in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company’s products and services intended for the five principal segments of the non-residential construction industry: Office towers and high-rises, Commercial and recreational buildings, Airport facilities, Industrial complexes, and Transport infrastructures. It serves the client base in the non-residential construction industry, such as general contractors, project owners, engineering firms and project architects, and other steel structure fabricators.