DIRTT Environmental Solutions Ltd. (NASDAQ:DRTT) Given Average Rating of “Hold” by Analysts

DIRTT Environmental Solutions Ltd. (NASDAQ:DRTTGet Rating) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $3.06.

Several analysts have recently weighed in on DRTT shares. National Bank Financial decreased their target price on shares of DIRTT Environmental Solutions from $3.25 to $2.75 and set a “sector perform” rating on the stock in a research report on Friday, February 25th. Industrial Alliance Securities upgraded shares of DIRTT Environmental Solutions from a “sell” rating to a “hold” rating and boosted their price objective for the company from C$1.65 to C$2.00 in a report on Friday, February 25th. Zacks Investment Research cut shares of DIRTT Environmental Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, March 1st. Finally, National Bankshares cut their price objective on shares of DIRTT Environmental Solutions from $3.25 to $2.75 and set a “sector perform” rating on the stock in a research report on Friday, February 25th.

Several institutional investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in DIRTT Environmental Solutions during the fourth quarter valued at about $33,000. National Bank of Canada FI bought a new position in DIRTT Environmental Solutions in the fourth quarter worth about $33,000. Virtu Financial LLC bought a new position in DIRTT Environmental Solutions in the fourth quarter worth about $62,000. Creative Planning increased its stake in shares of DIRTT Environmental Solutions by 149.0% during the third quarter. Creative Planning now owns 24,900 shares of the company’s stock valued at $77,000 after purchasing an additional 14,900 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of DIRTT Environmental Solutions during the third quarter valued at approximately $81,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DIRTT Environmental Solutions stock opened at $1.27 on Friday. The company has a current ratio of 2.80, a quick ratio of 2.30 and a debt-to-equity ratio of 0.99. The company has a fifty day moving average price of $1.54 and a 200 day moving average price of $2.09. The stock has a market cap of $108.39 million, a price-to-earnings ratio of -2.02 and a beta of 2.44. DIRTT Environmental Solutions has a twelve month low of $1.18 and a twelve month high of $4.95.

DIRTT Environmental Solutions (NASDAQ:DRTTGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The company had revenue of $42.93 million during the quarter, compared to the consensus estimate of $42.20 million. DIRTT Environmental Solutions had a negative net margin of 36.36% and a negative return on equity of 60.94%. Analysts forecast that DIRTT Environmental Solutions will post -0.4 earnings per share for the current year.

About DIRTT Environmental Solutions (Get Rating)

DIRTT Environmental Solutions Ltd. designs, manufactures, and installs prefabricated interior solutions for use in commercial spaces across various industries and businesses in the United States, Canada, internationally. Its ICE software interior construction software provides end-to-end integration, design, order engineering, manufacturing, and installation services.

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Analyst Recommendations for DIRTT Environmental Solutions (NASDAQ:DRTT)

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