Doman Building Materials Group (TSE:DBM) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Doman Building Materials Group Ltd. (TSE:DBM)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.62 and traded as high as C$10.95. Doman Building Materials Group shares last traded at C$10.81, with a volume of 183,834 shares changing hands.

Analyst Ratings Changes

DBM has been the subject of a number of analyst reports. Raymond James Financial increased their target price on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. National Bank Financial increased their price objective on Doman Building Materials Group from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$12.65.

Doman Building Materials Group Stock Performance

The firm has a fifty day moving average of C$11.17 and a 200-day moving average of C$10.63. The company has a quick ratio of 1.11, a current ratio of 3.27 and a debt-to-equity ratio of 153.48. The stock has a market capitalization of C$957.17 million, a price-to-earnings ratio of 11.34 and a beta of 1.62.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$0.36 earnings per share for the quarter. Doman Building Materials Group had a return on equity of 12.64% and a net margin of 2.71%.The business had revenue of C$904.47 million during the quarter. As a group, sell-side analysts anticipate that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current year.

Doman Building Materials Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Doman Building Materials Group’s dividend payout ratio is 58.33%.

Doman Building Materials Group Company Profile

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. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.