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

dentalcorp Holdings Ltd. (TSE:DNTL)’s stock price rose 31.8% during mid-day trading on Saturday . The stock 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 Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 78.72. The business has a 50 day moving average price of C$8.20 and a 200 day moving average price of C$8.24. The stock has a market cap of C$2.17 billion, a P/E ratio of -47.43, a PEG ratio of -2.69 and a beta of 1.38.

dentalcorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders 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 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.