Dynacor Group (TSE:DNG) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Dynacor Group Inc. (TSE:DNG) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$4.53 and traded as high as C$4.71. Dynacor Group shares last traded at C$4.59, with a volume of 89,575 shares changing hands.

Dynacor Group Stock Down 1.5%

The company has a debt-to-equity ratio of 0.59, a current ratio of 4.36 and a quick ratio of 3.50. The company has a market cap of C$192.34 million, a PE ratio of 12.41 and a beta of 0.21. The company has a fifty day moving average price of C$4.53 and a 200 day moving average price of C$4.62.

Dynacor Group (TSE:DNG) last announced its earnings results on Thursday, November 13th. The company reported C$0.12 earnings per share for the quarter. Dynacor Group had a net margin of 6.76% and a return on equity of 20.08%. The business had revenue of C$139.96 million for the quarter. As a group, analysts anticipate that Dynacor Group Inc. will post 0.43 EPS for the current year.

Dynacor Group Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 19th will be issued a dividend of $0.0133 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 9th. Dynacor Group’s payout ratio is currently 30.19%.

About Dynacor Group

Dynacor, with 27 years of experience, is a Canadian-based dividend-paying industrial gold ore processor. The corporation is engaged in gold production by processing ore purchased from the ASM (artisanal and small-scale mining) industry. Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners.