DIRTT Environmental Solutions (TSE:DRT) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

DIRTT Environmental Solutions Ltd. (TSE:DRT)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.93 and traded as low as C$0.85. DIRTT Environmental Solutions shares last traded at C$0.86, with a volume of 146,476 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Cormark raised DIRTT Environmental Solutions to a “moderate buy” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, DIRTT Environmental Solutions currently has a consensus rating of “Buy”.

DIRTT Environmental Solutions Price Performance

The company has a market cap of C$166.33 million, a price-to-earnings ratio of -21.50, a PEG ratio of 7.25 and a beta of 0.21. The company has a 50-day simple moving average of C$0.93 and a 200-day simple moving average of C$0.87. The company has a debt-to-equity ratio of 139.08, a quick ratio of 0.87 and a current ratio of 2.18.

DIRTT Environmental Solutions (TSE:DRT) last posted its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. DIRTT Environmental Solutions had a net margin of 6.63% and a return on equity of 42.34%. The business had revenue of C$52.52 million during the quarter. As a group, research analysts predict that DIRTT Environmental Solutions Ltd. will post 0.0254001 earnings per share for the current year.

About DIRTT Environmental Solutions

Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial and other sectors. DIRTT operates its activity through the U.S and Canada of which, the United States generates a majority of revenue.