Decisive Dividend (CVE:DE) Shares Up 0.4% – Here’s Why

Decisive Dividend Co. (CVE:DE)’s stock price shot up 0.4% during mid-day trading on Friday . The stock traded as high as C$7.65 and last traded at C$7.64. 16,101 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 23,483 shares. The stock had previously closed at C$7.61.

Analyst Ratings Changes

Several research firms have issued reports on DE. Raymond James upgraded Decisive Dividend from a “hold” rating to a “moderate buy” rating in a research note on Monday, May 12th. Cormark raised Decisive Dividend from a “hold” rating to a “moderate buy” rating in a report on Monday, May 12th.

Decisive Dividend Stock Up 0.4%

The stock’s fifty day moving average price is C$6.73 and its 200-day moving average price is C$6.33. The company has a quick ratio of 1.54, a current ratio of 1.80 and a debt-to-equity ratio of 126.64. The company has a market capitalization of C$146.96 million, a price-to-earnings ratio of 56.72 and a beta of 1.18.

Insiders Place Their Bets

In related news, Director James Andrew Paterson sold 4,000 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of C$6.72, for a total value of C$26,880.00. Insiders have sold 9,400 shares of company stock valued at $67,565 in the last 90 days. 10.13% of the stock is currently owned by insiders.

About Decisive Dividend

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.