ADF Group (TSE:DRX) Stock Crosses Above 200-Day Moving Average of $7.67

ADF Group Inc. (TSE:DRX)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.67 and traded as high as C$14.53. ADF Group shares last traded at C$14.13, with a volume of 64,219 shares changing hands.

ADF Group Stock Up 6.4 %

The company has a quick ratio of 1.74, a current ratio of 1.96 and a debt-to-equity ratio of 32.20. The stock has a 50 day simple moving average of C$10.28 and a 200 day simple moving average of C$7.74. The stock has a market cap of C$275.23 million, a price-to-earnings ratio of 16.71 and a beta of 0.80.

ADF Group (TSE:DRX) last announced its quarterly earnings data 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. ADF Group had a return on equity of 21.20% and a net margin of 10.01%. The firm had revenue of C$88.39 million during the quarter, compared to analysts’ expectations of C$77.10 million. As a group, analysts expect that ADF Group Inc. will post 0.2 earnings per share for the current fiscal year.

ADF Group Announces Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 26th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, April 25th. ADF Group’s dividend payout ratio is presently 2.22%.

ADF Group Company Profile

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.