ADF Group (TSE:DRX) Hits New 52-Week Low – Here’s Why

Shares of ADF Group Inc. (TSE:DRXGet Free Report) reached a new 52-week low on Friday . The company traded as low as C$6.97 and last traded at C$7.03, with a volume of 68728 shares trading hands. The stock had previously closed at C$7.20.

ADF Group Stock Performance

The stock has a market capitalization of C$212.20 million, a P/E ratio of 3.70 and a beta of 0.57. The stock has a 50 day simple moving average of C$8.14 and a two-hundred day simple moving average of C$9.34. The company has a quick ratio of 1.74, a current ratio of 2.22 and a debt-to-equity ratio of 28.51.

ADF Group Company Profile

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ADF Group Inc engages in the design and engineering of connections including industrial coatings in Canada and the United States. It also fabricates and installs complex steel structures and heavy steel built-ups, as well as miscellaneous and architectural metalwork services. In addition, the company offers products and services for various segments of the non-residential construction industry, including office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructures.

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