ADF Group (TSE:DRX) Stock Passes Below 200 Day Moving Average – Time to Sell?

ADF Group Inc. (TSE:DRX)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.00 and traded as low as C$7.60. ADF Group shares last traded at C$7.60, with a volume of 26,017 shares trading hands.

ADF Group Price Performance

The firm’s fifty day simple moving average is C$7.51 and its 200-day simple moving average is C$8.00. The firm has a market capitalization of C$213.58 million, a PE ratio of 6.33 and a beta of -1.32. The company has a quick ratio of 1.74, a current ratio of 2.22 and a debt-to-equity ratio of 28.51.

ADF Group Dividend Announcement

The firm also recently disclosed a half year 25 dividend, which was paid on Thursday, October 16th. Investors of record on Friday, September 26th were given a $0.02 dividend. ADF Group’s dividend payout ratio (DPR) is presently 3.33%.

About ADF Group

ADF Group Inc involves in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company’s products and services intended for the five principal segments of the non-residential construction industry: Office towers and high-rises, Commercial and recreational buildings, Airport facilities, Industrial complexes, and Transport infrastructures.