DIRTT Environmental Solutions (NASDAQ:DRTT) Upgraded to Buy at Industrial Alliance Securities

DIRTT Environmental Solutions (NASDAQ:DRTTGet Rating) was upgraded by Industrial Alliance Securities from a “hold” rating to a “buy” rating in a report released on Friday, The Fly reports. The firm currently has a C$1.85 price objective on the stock.

A number of other analysts have also recently issued reports on DRTT. National Bankshares cut their price objective on DIRTT Environmental Solutions from $3.25 to $2.75 and set a “sector perform” rating for the company in a research report on Friday, February 25th. Zacks Investment Research raised DIRTT Environmental Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Finally, National Bank Financial dropped their price target on DIRTT Environmental Solutions from $3.25 to $2.75 and set a “sector perform” rating for the company in a report on Friday, February 25th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, DIRTT Environmental Solutions presently has an average rating of “Hold” and a consensus price target of $3.03.

NASDAQ DRTT traded down $0.03 during trading hours on Friday, hitting $0.92. 2,547 shares of the company traded hands, compared to its average volume of 54,098. The business’s 50-day moving average is $1.40 and its 200-day moving average is $1.90. DIRTT Environmental Solutions has a twelve month low of $0.92 and a twelve month high of $4.95. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.30 and a current ratio of 2.80. The stock has a market capitalization of $78.96 million, a price-to-earnings ratio of -1.35 and a beta of 2.35.

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

A number of institutional investors have recently bought and sold shares of DRTT. Cullen Frost Bankers Inc. bought a new position in DIRTT Environmental Solutions during the 4th quarter worth $33,000. National Bank of Canada FI bought a new position in DIRTT Environmental Solutions during the 4th quarter worth $33,000. Virtu Financial LLC bought a new position in DIRTT Environmental Solutions during the 4th quarter worth $62,000. Creative Planning increased its stake in DIRTT Environmental Solutions by 149.0% during the 3rd quarter. Creative Planning now owns 24,900 shares of the company’s stock worth $77,000 after acquiring an additional 14,900 shares during the period. Finally, Two Sigma Investments LP bought a new position in shares of DIRTT Environmental Solutions in the 3rd quarter valued at $81,000. Hedge funds and other institutional investors own 88.89% of the company’s stock.

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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