dentalcorp (TSE:DNTL) Shares Up 31.8% – Time to Buy?

dentalcorp Holdings Ltd. (TSE:DNTL)’s share price shot up 31.8% during mid-day trading on Saturday . The stock traded as high as C$10.95 and last traded at C$10.91. 6,520,779 shares traded hands during mid-day trading, an increase of 3,267% from the average session volume of 193,674 shares. The stock had previously closed at C$8.28.

dentalcorp Stock Performance

The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 78.72. The company’s 50 day moving average is C$8.20 and its 200-day moving average is C$8.22. The company has a market capitalization of C$2.17 billion, a P/E ratio of -47.43, a price-to-earnings-growth ratio of -2.69 and a beta of 1.38.

dentalcorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Thursday, October 2nd will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.9%. dentalcorp’s payout ratio is -21.74%.

dentalcorp Company Profile

Dentalcorp Holdings Ltd is engaged in acquiring dental practices and providing health care services in Canada. It recognizes revenue for the provision of dental services that are rendered to patients by Partner dentists and dental practitioners contracted by the Professional Corporations and health care services rendered by employees or contractors of the company.