Dirtt Environmental Solutions (TSE:DRT) Share Price Passes Below Fifty Day Moving Average of $3.98

Dirtt Environmental Solutions Ltd (TSE:DRT)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.98 and traded as low as $3.94. Dirtt Environmental Solutions shares last traded at $4.08, with a volume of 311,861 shares trading hands.

Separately, National Bank Financial cut shares of Dirtt Environmental Solutions from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$7.40 to C$5.25 in a research note on Monday, November 11th.

The business’s 50 day moving average is C$3.98 and its 200-day moving average is C$5.22. The firm has a market capitalization of $318.40 million and a P/E ratio of 117.71. The company has a quick ratio of 2.14, a current ratio of 2.74 and a debt-to-equity ratio of 17.23.

In other news, Director Todd Lillibridge acquired 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of C$4.04 per share, with a total value of C$181,764.00. Following the completion of the purchase, the director now directly owns 155,700 shares of the company’s stock, valued at approximately C$628,903.44. Insiders purchased 49,758 shares of company stock worth $201,658 over the last three months.

About Dirtt Environmental Solutions (TSE:DRT)

DIRTT Environmental Solutions Ltd. designs, manufactures, and installs customized prefabricated interiors. The company combines its proprietary 3D design, configuration, and manufacturing software with integrated in-house manufacturing of its prefabricated interior construction solutions and its distribution partner network.

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