DIRTT Environmental Solutions (TSE:DRT) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of DIRTT Environmental Solutions Ltd. (TSE:DRT) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.87 and traded as low as C$0.84. DIRTT Environmental Solutions shares last traded at C$0.84, with a volume of 134,895 shares trading hands.

Analyst Ratings Changes

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

DIRTT Environmental Solutions Stock Performance

The firm has a market capitalization of C$162.46 million, a price-to-earnings ratio of -21.00, a P/E/G ratio of 7.25 and a beta of -0.19. The company has a 50-day moving average price of C$0.92 and a 200-day moving average price of C$0.87. The company has a quick ratio of 0.87, a current ratio of 2.18 and a debt-to-equity ratio of 139.08.

DIRTT Environmental Solutions (TSE:DRT) last posted its 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, equities research analysts forecast 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.