Dexterra Group (TSE:DXT) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Dexterra Group Inc. (TSE:DXT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.87 and traded as high as C$8.17. Dexterra Group shares last traded at C$8.11, with a volume of 46,979 shares trading hands.

Wall Street Analyst Weigh In

Separately, Raymond James upped their target price on Dexterra Group from C$8.50 to C$11.00 and gave the company an “outperform” rating in a report on Thursday, January 30th.

Dexterra Group Price Performance

The business has a 50-day moving average price of C$7.77 and a 200 day moving average price of C$6.88. The stock has a market cap of C$521.60 million, a PE ratio of 17.72, a PEG ratio of 0.90 and a beta of 1.02. The company has a current ratio of 1.52, a quick ratio of 1.28 and a debt-to-equity ratio of 55.43.

Dexterra Group (TSE:DXT) last posted its earnings results on Tuesday, November 5th. The company reported C$0.21 earnings per share for the quarter, topping the consensus estimate of C$0.20 by C$0.01. Dexterra Group had a net margin of 1.61% and a return on equity of 10.48%. During the same period in the prior year, the business earned $0.21 earnings per share. As a group, research analysts forecast that Dexterra Group Inc. will post 0.7094298 earnings per share for the current fiscal year.

Insider Activity at Dexterra Group

In other news, Director Mary Garden purchased 3,700 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was purchased at an average cost of C$7.83 per share, with a total value of C$28,971.00. Also, Senior Officer Mark Alan Becker purchased 7,704 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average cost of C$6.49 per share, for a total transaction of C$49,998.96. 51.55% of the stock is owned by company insiders.

Dexterra Group Company Profile

Dexterra Group Inc engages in the provision of support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The IFM segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure.