Decisive Dividend (CVE:DE) Stock Price Down 1.5% – Here’s What Happened

Decisive Dividend Co. (CVE:DE) shares traded down 1.5% on Thursday . The company traded as low as C$6.10 and last traded at C$6.11. 29,327 shares traded hands during trading, an increase of 39% from the average session volume of 21,046 shares. The stock had previously closed at C$6.20.

Wall Street Analysts Forecast Growth

Separately, Cormark cut Decisive Dividend from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Decisive Dividend Price Performance

The firm has a 50-day moving average of C$6.09 and a 200 day moving average of C$6.34. The company has a debt-to-equity ratio of 130.66, a current ratio of 1.95 and a quick ratio of 1.54. The company has a market capitalization of C$121.70 million, a PE ratio of 28.50 and a beta of 1.18.

Decisive Dividend (CVE:DE) last announced its earnings results on Tuesday, November 5th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.01). The company had revenue of C$32.24 million for the quarter, compared to analysts’ expectations of C$36.70 million. Decisive Dividend had a net margin of 3.32% and a return on equity of 8.34%. As a group, research analysts anticipate that Decisive Dividend Co. will post 0.3206107 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Jeffrey David Schellenberg acquired 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average cost of C$6.30 per share, for a total transaction of C$50,408.00. Over the last ninety days, insiders have acquired 12,400 shares of company stock worth $77,758. Company insiders own 10.13% of the company’s stock.

Decisive Dividend Company Profile

Decisive Dividend Corporation, through its subsidiaries, manufactures and sells wood burning stoves, fireplace inserts, and gas fireplaces in Canada, the United States, and internationally. It operates in two segments, Finished Product and Component Manufacturing. The company also designs, manufactures, and markets air blast sprayers for use in agricultural industry under the Turbo Mist brand; and wastewater evaporator systems that are used in mining, oil and gas, and waste management industries.