Dexterra Group (TSE:DXT) Shares Cross Above 200-Day Moving Average – Time to Sell?

Dexterra Group Inc. (TSE:DXT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.23 and traded as high as C$7.77. Dexterra Group shares last traded at C$7.76, with a volume of 27,338 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on DXT. National Bankshares raised their price target on Dexterra Group from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Raymond James boosted their target price on shares of Dexterra Group from C$8.50 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th.

Dexterra Group Trading Down 1.3 %

The firm has a market capitalization of C$490.66 million, a P/E ratio of 39.25, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02. The stock has a 50-day simple moving average of C$7.82 and a two-hundred day simple moving average of C$7.24. The company has a current ratio of 1.46, a quick ratio of 1.28 and a debt-to-equity ratio of 42.46.

Dexterra Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a $0.0875 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.35 annualized dividend and a dividend yield of 4.54%. This is a positive change from Dexterra Group’s previous quarterly dividend of $0.09. Dexterra Group’s payout ratio is currently 178.18%.

Insider Activity at Dexterra Group

In other Dexterra Group news, Director Mary Garden purchased 3,700 shares of the stock in a transaction on Tuesday, January 7th. The stock was acquired at an average price of C$7.83 per share, with a total value of C$28,971.00. 51.55% of the stock is currently owned by corporate 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.