Dexterra Group (TSE:DXT) Hits New 52-Week Low at $5.15

Dexterra Group Inc. (TSE:DXT – Get Rating) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$5.15 and last traded at C$5.05, with a volume of 35031 shares trading hands. The stock had previously closed at C$5.20.

Wall Street Analyst Weigh In

DXT has been the topic of several recent research reports. Acumen Capital lowered their price objective on shares of Dexterra Group from C$9.50 to C$9.00 in a research note on Thursday, February 2nd. Raymond James lowered their price objective on shares of Dexterra Group from C$7.50 to C$7.00 and set a “market perform” rating on the stock in a research note on Friday, March 10th. ATB Capital lowered their price objective on shares of Dexterra Group from C$9.00 to C$8.40 in a research note on Friday, March 10th. National Bankshares lowered their price objective on shares of Dexterra Group from C$10.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Monday, March 13th. Finally, TD Securities lowered their price objective on shares of Dexterra Group from C$8.00 to C$7.50 and set a “buy” rating on the stock in a research note on Thursday, March 9th.

Dexterra Group Stock Performance

The company has a market cap of C$329.46 million, a P/E ratio of 101.00, a PEG ratio of 0.90 and a beta of 1.37. The business’s 50 day simple moving average is C$5.63 and its 200 day simple moving average is C$5.53. The company has a current ratio of 1.23, a quick ratio of 1.28 and a debt-to-equity ratio of 42.56.

Dexterra Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.087 per share. This represents a $0.35 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date is Thursday, March 30th. Dexterra Group’s payout ratio is 700.00%.

About Dexterra Group

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Dexterra Group Inc provides support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management; Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The Integrated Facilities Management segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, retail, healthcare, business and industry, education, rail, hotels and leisure, and government.