DIRTT Environmental Solutions (NASDAQ:DRTT) Price Target Lowered to $2.25 at National Bankshares

DIRTT Environmental Solutions (NASDAQ:DRTTGet Rating) had its price objective decreased by National Bankshares from $2.75 to $2.25 in a research note published on Friday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other research analysts have also commented on DRTT. Zacks Investment Research upgraded shares of DIRTT Environmental Solutions from a sell rating to a hold rating in a research note on Tuesday, April 26th. National Bank Financial decreased their price target 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. Finally, Industrial Alliance Securities upgraded shares of DIRTT Environmental Solutions from a hold rating to a buy rating and set a C$1.85 price target on the stock in a research report on Friday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $2.59.

Shares of NASDAQ DRTT traded down $0.03 during mid-day trading on Friday, reaching $0.92. 168,406 shares of the company traded hands, compared to its average volume of 56,568. DIRTT Environmental Solutions has a fifty-two week low of $0.90 and a fifty-two week high of $4.95. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.80 and a quick ratio of 2.30. The stock has a fifty day simple moving average of $1.38 and a 200-day simple moving average of $1.89.

DIRTT Environmental Solutions (NASDAQ:DRTTGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). DIRTT Environmental Solutions had a negative net margin of 41.05% and a negative return on equity of 78.05%. The company had revenue of $42.93 million for the quarter, compared to analyst estimates of $42.20 million. As a group, equities research analysts forecast that DIRTT Environmental Solutions will post -0.4 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of DRTT. Cohen Capital Management Inc. acquired a new position in DIRTT Environmental Solutions in the third quarter worth approximately $1,166,000. Creative Planning grew its position 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 purchasing an additional 14,900 shares in the last quarter. American Century Companies Inc. grew its position in DIRTT Environmental Solutions by 1.4% during the 3rd quarter. American Century Companies Inc. now owns 3,728,825 shares of the company’s stock worth $11,559,000 after purchasing an additional 50,502 shares in the last quarter. Scotia Capital Inc. grew its position in DIRTT Environmental Solutions by 86.5% during the 3rd quarter. Scotia Capital Inc. now owns 48,961 shares of the company’s stock worth $152,000 after purchasing an additional 22,711 shares in the last quarter. Finally, Mak Capital One LLC grew its position in DIRTT Environmental Solutions by 0.9% during the 3rd quarter. Mak Capital One LLC now owns 8,912,300 shares of the company’s stock worth $27,628,000 after purchasing an additional 80,000 shares in the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

DIRTT Environmental Solutions Company Profile (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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