Dexterra Group (TSE:DXT) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Dexterra Group Inc. (TSE:DXT)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.43 and traded as high as C$7.82. Dexterra Group shares last traded at C$7.75, with a volume of 34,310 shares changing hands.

Analyst Upgrades and Downgrades

DXT has been the subject of a number of analyst reports. Raymond James raised their price target on Dexterra Group from C$8.50 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. National Bankshares increased their price target on shares of Dexterra Group from C$11.00 to C$11.50 and gave the company an “outperform” rating in a research note on Wednesday, February 26th.

Dexterra Group Stock Performance

The stock has a market capitalization of C$493.21 million, a price-to-earnings ratio of 39.45, a P/E/G ratio of 0.90 and a beta of 1.02. The company’s fifty day simple moving average is C$7.73 and its 200 day simple moving average is C$7.43. The company has a quick ratio of 1.28, a current ratio of 1.46 and a debt-to-equity ratio of 42.46.

Dexterra Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a $0.0875 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.35 dividend on an annualized basis and a yield of 4.52%. This is a positive change from Dexterra Group’s previous quarterly dividend of $0.09. Dexterra Group’s dividend payout ratio is 178.18%.

Dexterra Group Company Profile

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.