dentalcorp (TSE:DNTL) Stock Price Up 31.8% – Here’s What Happened

dentalcorp Holdings Ltd. (TSE:DNTL)’s stock price rose 31.8% on Saturday . The company traded as high as C$10.95 and last traded at C$10.91. Approximately 6,520,779 shares were traded during trading, an increase of 3,267% from the average daily volume of 193,674 shares. The stock had previously closed at C$8.28.

dentalcorp Price Performance

The stock has a market cap of C$2.17 billion, a price-to-earnings ratio of -47.43, a P/E/G ratio of -2.69 and a beta of 1.38. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 78.72. The company’s fifty day moving average is C$8.20 and its two-hundred day moving average is C$8.24.

dentalcorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Thursday, October 2nd will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.9%. dentalcorp’s payout ratio is -21.74%.

dentalcorp Company Profile

Dentalcorp Holdings Ltd is engaged in acquiring dental practices and providing health care services in Canada. It recognizes revenue for the provision of dental services that are rendered to patients by Partner dentists and dental practitioners contracted by the Professional Corporations and health care services rendered by employees or contractors of the company.