Doman Building Materials Group (TSE:DBM) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Doman Building Materials Group Ltd. (TSE:DBM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.05 and traded as high as C$9.44. Doman Building Materials Group shares last traded at C$9.34, with a volume of 29,430 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DBM. National Bankshares boosted their price target on Doman Building Materials Group from C$10.50 to C$11.50 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Desjardins set a C$11.00 target price on shares of Doman Building Materials Group and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Stifel Nicolaus lowered their price target on shares of Doman Building Materials Group from C$12.00 to C$10.50 and set a “buy” rating on the stock in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Doman Building Materials Group presently has a consensus rating of “Moderate Buy” and a consensus target price of C$10.31.

Doman Building Materials Group Trading Down 0.5%

The firm has a market capitalization of C$818.46 million, a price-to-earnings ratio of 10.61 and a beta of 1.46. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94. The company has a 50 day moving average price of C$8.95 and a two-hundred day moving average price of C$9.05.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$795.09 million during the quarter. Doman Building Materials Group had a net margin of 2.27% and a return on equity of 9.41%. On average, research analysts forecast that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current year.

About Doman Building Materials Group

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns.