Dexterra Group (TSE:DXT) Shares Cross Above 200 Day Moving Average – Should You Sell?

Dexterra Group Inc. (TSE:DXT)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.58 and traded as high as C$8.73. Dexterra Group shares last traded at C$8.66, with a volume of 19,512 shares changing hands.

Analyst Ratings Changes

Several analysts have issued reports on the stock. National Bankshares raised their price objective on shares of Dexterra Group from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Raymond James raised their price target on Dexterra Group from C$8.50 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th.

Dexterra Group Stock Performance

The company has a market capitalization of C$551.12 million, a PE ratio of 44.09, a PEG ratio of 0.90 and a beta of 1.02. The company has a current ratio of 1.46, a quick ratio of 1.28 and a debt-to-equity ratio of 42.46. The firm’s 50-day simple moving average is C$7.83 and its 200-day simple moving average is C$7.58.

Dexterra Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Dexterra Group’s previous quarterly dividend of $0.09. Dexterra Group’s payout ratio is currently 178.18%.

About Dexterra Group

Dexterra Group Inc engages in the provision of support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The IFM segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure.