dentalcorp (TSE:DNTL) Trading 31.8% Higher – Should You Buy?

Shares of dentalcorp Holdings Ltd. (TSE:DNTL) 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 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 Price Performance

The company has a debt-to-equity ratio of 78.72, a current ratio of 1.19 and a quick ratio of 1.04. The stock has a market capitalization of C$2.17 billion, a P/E ratio of -47.43, a PEG ratio of -2.69 and a beta of 1.38. The stock’s fifty day moving average is C$8.20 and its 200-day moving average is C$8.24.

dentalcorp Announces Dividend

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