DIRTT Environmental Solutions (TSE:DRT) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

DIRTT Environmental Solutions Ltd. (TSE:DRT)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.86 and traded as low as C$0.86. DIRTT Environmental Solutions shares last traded at C$0.90, with a volume of 25,851 shares trading hands.

Analysts Set New Price Targets

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

DIRTT Environmental Solutions Trading Up 1.1%

The company has a 50 day moving average of C$0.94 and a 200-day moving average of C$0.86. The stock has a market cap of C$172.65 million, a price-to-earnings ratio of -22.50, a price-to-earnings-growth ratio of 7.25 and a beta of -0.98. 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 released its earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$52.52 million during the quarter. DIRTT Environmental Solutions had a net margin of 6.63% and a return on equity of 42.34%. On average, research analysts anticipate that DIRTT Environmental Solutions Ltd. will post 0.0254001 earnings per share for the current year.

DIRTT Environmental Solutions Company Profile

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.