ADF Group (TSE:DRX) Stock Price Passes Above 200 Day Moving Average of $8.00

ADF Group Inc. (TSE:DRX)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.00 and traded as high as C$14.61. ADF Group shares last traded at C$14.37, with a volume of 48,211 shares trading hands.

ADF Group Trading Up 0.9 %

The firm has a market cap of C$262.97 million, a price-to-earnings ratio of 15.97 and a beta of 0.80. The company has a debt-to-equity ratio of 32.20, a quick ratio of 1.74 and a current ratio of 1.96. The company has a 50 day moving average price of C$10.71 and a 200 day moving average price of C$8.00.

ADF Group (TSE:DRX) last posted its earnings results on Thursday, April 11th. The company reported C$0.32 EPS for the quarter, beating analysts’ consensus estimates of C$0.26 by C$0.06. The company had revenue of C$88.39 million for the quarter, compared to analysts’ expectations of C$77.10 million. ADF Group had a net margin of 10.01% and a return on equity of 21.20%. On average, research analysts expect that ADF Group Inc. will post 0.2 earnings per share for the current year.

ADF Group Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 26th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, April 25th. ADF Group’s payout ratio is currently 2.22%.

About ADF Group

ADF Group Inc engages in the design and engineering of connections in Canada and the United States. It also fabricates and installs complex steel structures and heavy steel built-ups, as well as miscellaneous and architectural metalwork services. In addition, the company offers products and services for various segments of the non-residential construction industry, including office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructures.