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

Shares of dentalcorp Holdings Ltd. (TSE:DNTL) 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 changed hands 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 debt-to-equity ratio of 78.72, a current ratio of 1.19 and a quick ratio of 1.04. The firm has a fifty day simple moving average of C$8.20 and a 200 day simple moving average of C$8.24. The company 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.

dentalcorp Dividend Announcement

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