TDb Split (TSE:XTD) Hits New 52-Week High – Should You Buy?

TDb Split Corp. (TSE:XTD) reached a new 52-week high during trading on Friday . The company traded as high as C$7.77 and last traded at C$7.75, with a volume of 36870 shares. The stock had previously closed at C$7.55.

TDb Split Stock Up 1.2%

The stock has a 50 day moving average price of C$6.73 and a 200 day moving average price of C$6.29. The company has a market capitalization of C$35.72 million, a P/E ratio of 4.69 and a beta of 2.15. The company has a debt-to-equity ratio of 144.48, a quick ratio of 1.51 and a current ratio of 1.71.

TDb Split Company Profile

The investment objectives with respect to the Class A shares are as follows:1. to provide holders of Class A shares with regular monthly cash dividends in the amount of $0.05 per Class A share when the net asset value per unit exceeds $12.50; and 2. to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per unit. TDb Split Corp.