Dynacor Group (TSE:DNG) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Dynacor Group Inc. (TSE:DNG) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$4.71 and traded as low as C$4.47. Dynacor Group shares last traded at C$4.53, with a volume of 39,189 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upgraded shares of Dynacor Group to a “strong-buy” rating in a research report on Friday, June 6th.

Dynacor Group Price Performance

The firm’s 50-day moving average is C$4.71 and its two-hundred day moving average is C$5.27. The company has a market cap of C$133.96 million, a P/E ratio of 6.35 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.36 and a quick ratio of 3.50.

Dynacor Group Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.0133 per share. This represents a $0.16 annualized dividend and a yield of 3.52%. The ex-dividend date is Wednesday, June 11th. Dynacor Group’s payout ratio is 19.64%.

About Dynacor Group

Dynacor, with 27 years of experience, is a Canadian-based dividend-paying industrial gold ore processor. The corporation is engaged in gold production by processing ore purchased from the ASM (artisanal and small-scale mining) industry. Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners.