dentalcorp (TSE:DNTL) Trading 31.8% Higher – Here’s Why

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

dentalcorp Trading Up 31.8%

The business’s 50 day moving average price is C$8.20 and its two-hundred day moving average price is C$8.24. The company has a debt-to-equity ratio of 78.72, a quick ratio of 1.04 and a current ratio of 1.19. The company has a market capitalization of C$2.17 billion, a price-to-earnings ratio of -47.43, a price-to-earnings-growth ratio of -2.69 and a beta of 1.38.

dentalcorp Dividend Announcement

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