ADF Group (TSE:DRX) Stock Price Passes Above 200-Day Moving Average of $7.67

ADF Group Inc. (TSE:DRX) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$7.67 and traded as high as C$14.53. ADF Group shares last traded at C$14.13, with a volume of 64,219 shares changing hands.

ADF Group Price Performance

The company’s fifty day moving average is C$10.16 and its two-hundred day moving average is C$7.67. The firm has a market capitalization of C$258.58 million, a price-to-earnings ratio of 15.70 and a beta of 0.80. The company has a quick ratio of 1.74, a current ratio of 1.96 and a debt-to-equity ratio of 32.20.

ADF Group (TSE:DRX) last posted its earnings results on Thursday, April 11th. The company reported C$0.32 earnings per share for the quarter, topping the consensus estimate of C$0.26 by C$0.06. ADF Group had a net margin of 10.01% and a return on equity of 21.20%. The company had revenue of C$88.39 million for the quarter, compared to analyst estimates of C$77.10 million. Equities research analysts anticipate that ADF Group Inc. will post 0.2 earnings per share for the current fiscal year.

ADF Group Announces Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 26th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, April 25th. ADF Group’s dividend payout ratio (DPR) is currently 2.22%.

About ADF Group

ADF Group Inc engages in the design and engineering of connections in Canada and the United States. It also fabricates and installs complex steel structures and heavy steel built-ups, as well as miscellaneous and architectural metalwork services. In addition, the company offers products and services for various segments of the non-residential construction industry, including office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructures.