dentalcorp (TSE:DNTL) Stock Price Up 31.8% – Still a Buy?

dentalcorp Holdings Ltd. (TSE:DNTL) shares rose 31.8% during trading on Saturday . The stock traded as high as C$10.95 and last traded at C$10.91. Approximately 6,520,779 shares traded hands during mid-day 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 Trading Up 31.8%

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 stock has a market capitalization of C$2.17 billion, a price-to-earnings ratio of -47.43, a PEG ratio of -2.69 and a beta of 1.38. The firm has a 50-day moving average of C$8.20 and a 200 day moving average of C$8.24.

dentalcorp Dividend Announcement

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

About dentalcorp

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.