Doman Building Materials Group (TSE:DBM) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Doman Building Materials Group Ltd. (TSE:DBM)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.61 and traded as high as C$11.14. Doman Building Materials Group shares last traded at C$11.08, with a volume of 229,432 shares changing hands.

Wall Street Analyst Weigh In

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

Doman Building Materials Group Stock Performance

The company has a market capitalization of C$946.62 million, a price-to-earnings ratio of 11.22 and a beta of 1.62. The firm has a fifty day simple moving average of C$11.21 and a 200 day simple moving average of C$10.61. The company has a debt-to-equity ratio of 153.48, a current ratio of 3.27 and a quick ratio of 1.11.

Doman Building Materials Group (TSE:DBM) last announced its earnings results on Wednesday, August 5th. The company reported C$0.36 earnings per share for the quarter. Doman Building Materials Group had a return on equity of 12.64% and a net margin of 2.71%.The business had revenue of C$904.47 million during the quarter. On average, analysts anticipate 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 5.2%. Doman Building Materials Group’s dividend payout ratio is currently 58.33%.

Doman Building Materials Group Company Profile

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.