Dexterra Group (TSE:DXT) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Dexterra Group Inc. (TSE:DXT) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$7.38 and traded as high as C$7.71. Dexterra Group shares last traded at C$7.71, with a volume of 13,368 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DXT shares. Raymond James upped their price objective on shares of Dexterra Group from C$8.50 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. National Bankshares increased their price objective on shares of Dexterra Group from C$11.00 to C$11.50 and gave the company an “outperform” rating in a report on Wednesday, February 26th.

Dexterra Group Price Performance

The company has a quick ratio of 1.28, a current ratio of 1.46 and a debt-to-equity ratio of 42.46. The company has a 50 day moving average of C$7.75 and a two-hundred day moving average of C$7.38. The firm has a market cap of C$490.66 million, a P/E ratio of 39.25, a PEG ratio of 0.90 and a beta of 1.02.

Dexterra Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a $0.0875 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.35 annualized dividend and a dividend yield of 4.54%. This is a boost from Dexterra Group’s previous quarterly dividend of $0.09. Dexterra Group’s payout ratio is currently 178.18%.

About Dexterra Group

Dexterra Group Inc engages in the provision of support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The IFM segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure.