Dynacor Group (TSE:DNG) Stock Crosses Above 50 Day Moving Average – What’s Next?

Shares of Dynacor Group Inc. (TSE:DNG) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$4.55 and traded as high as C$4.74. Dynacor Group shares last traded at C$4.56, with a volume of 64,555 shares.

Dynacor Group Stock Performance

The firm’s 50 day simple moving average is C$4.55 and its 200 day simple moving average is C$4.65. The firm has a market cap of C$193.18 million, a PE ratio of 12.46 and a beta of 0.18. The company has a current ratio of 4.36, a quick ratio of 3.50 and a debt-to-equity ratio of 0.59.

Dynacor Group (TSE:DNG) last issued its earnings results on Thursday, November 13th. The company reported C$0.12 earnings per share (EPS) for the quarter. The firm had revenue of C$139.96 million for the quarter. Dynacor Group had a return on equity of 20.08% and a net margin of 6.76%. On average, research analysts forecast that Dynacor Group Inc. will post 0.43 EPS for the current fiscal year.

Dynacor Group Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $0.0133 per share. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Dynacor Group’s dividend payout ratio is 30.19%.

Dynacor Group Company Profile

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.