DIRTT Environmental Solutions Ltd. (NASDAQ:DRTT) Receives Average Rating of “Hold” from Brokerages

Shares of DIRTT Environmental Solutions Ltd. (NASDAQ:DRTTGet Rating) have been given an average rating of “Hold” by the five research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $2.59.

Several analysts recently commented on DRTT shares. National Bank Financial cut their target price on shares of DIRTT Environmental Solutions from $3.25 to $2.75 and set a “sector perform” rating for the company in a research note on Friday, February 25th. Industrial Alliance Securities upgraded DIRTT Environmental Solutions from a “hold” rating to a “buy” rating and set a C$1.85 price objective for the company in a research report on Friday, May 6th. National Bankshares decreased their target price on DIRTT Environmental Solutions from $2.75 to $2.25 and set a “sector perform” rating on the stock in a report on Friday, May 6th. Finally, Zacks Investment Research downgraded DIRTT Environmental Solutions from a “hold” rating to a “sell” rating in a report on Tuesday.

A number of large investors have recently modified their holdings of DRTT. Cullen Frost Bankers Inc. acquired a new stake in shares of DIRTT Environmental Solutions in the fourth quarter valued at about $33,000. National Bank of Canada FI acquired a new position in shares of DIRTT Environmental Solutions in the 4th quarter valued at $33,000. InterOcean Capital Group LLC bought a new position in shares of DIRTT Environmental Solutions during the 1st quarter worth about $34,000. Virtu Financial LLC acquired a new stake in shares of DIRTT Environmental Solutions during the 4th quarter valued at about $62,000. Finally, Creative Planning increased its stake in DIRTT Environmental Solutions by 149.0% in the third quarter. Creative Planning now owns 24,900 shares of the company’s stock valued at $77,000 after acquiring an additional 14,900 shares during the period. Hedge funds and other institutional investors own 88.89% of the company’s stock.

DRTT stock opened at $0.89 on Wednesday. The company has a 50-day simple moving average of $1.34 and a 200 day simple moving average of $1.85. The company has a market capitalization of $76.51 million, a P/E ratio of -1.19 and a beta of 2.35. The company has a quick ratio of 2.30, a current ratio of 2.17 and a debt-to-equity ratio of 1.46. DIRTT Environmental Solutions has a fifty-two week low of $0.76 and a fifty-two week high of $4.95.

DIRTT Environmental Solutions (NASDAQ:DRTTGet Rating) last issued its quarterly earnings results 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). DIRTT Environmental Solutions had a negative net margin of 41.05% and a negative return on equity of 87.63%. The firm had revenue of $42.93 million for the quarter, compared to analyst estimates of $42.20 million. Equities analysts anticipate that DIRTT Environmental Solutions will post -0.4 EPS for the current year.

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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