dentalcorp (TSE:DNTL) Trading 31.8% Higher – Time to Buy?

dentalcorp Holdings Ltd. (TSE:DNTL) shot up 31.8% during mid-day trading on Friday . The stock traded as high as C$10.95 and last traded at C$10.91. 6,520,779 shares changed 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 Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 78.72. The firm has a market capitalization of C$2.17 billion, a price-to-earnings ratio of -47.43, a PEG ratio of -2.69 and a beta of 1.38. The stock’s 50-day moving average price is C$8.20 and its 200 day moving average price is C$8.23.

dentalcorp Dividend Announcement

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

About dentalcorp

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.