dentalcorp (TSE:DNTL) Shares Up 31.8% – Here’s Why

dentalcorp Holdings Ltd. (TSE:DNTLGet Free Report) was up 31.8% during trading on Friday . The stock traded as high as C$10.95 and last traded at C$10.91. Approximately 6,520,779 shares traded hands during mid-day trading, an increase of 3,267% from the average daily volume of 193,674 shares. The stock had previously closed at C$8.28.

dentalcorp Stock Performance

The business’s fifty day moving average price is C$8.20 and its 200-day moving average price is C$8.23. The stock has a market cap of C$2.17 billion, a PE ratio of -47.43, a P/E/G ratio of -2.69 and a beta of 1.38. The company has a debt-to-equity ratio of 78.72, a quick ratio of 1.04 and a current ratio of 1.19.

dentalcorp Announces Dividend

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

About dentalcorp

(Get Free Report)

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.

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