Doman Building Materials Group (TSE:DBM) Stock Price Breaks Above 200-Day Moving Average – Should You Sell?

Shares of Doman Building Materials Group Ltd. (TSE:DBM) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$10.65 and traded as high as C$11.14. Doman Building Materials Group shares last traded at C$10.97, with a volume of 49,826 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. National Bank Financial lifted their target price on Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Raymond James Financial increased their price target on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$12.65.

Doman Building Materials Group Stock Up 1.2%

The company has a current ratio of 3.27, a quick ratio of 1.11 and a debt-to-equity ratio of 153.48. The stock’s 50-day simple moving average is C$11.11 and its 200-day simple moving average is C$10.66. The firm has a market capitalization of C$975.62 million, a P/E ratio of 11.56 and a beta of 1.62.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$0.36 EPS for the quarter. Doman Building Materials Group had a net margin of 2.71% and a return on equity of 12.64%. The firm had revenue of C$904.47 million during the quarter. As a group, research analysts predict that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current fiscal year.

Doman Building Materials Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 58.33%.

About Doman Building Materials Group

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.